Business for Sale

Southern California Chemical Manufacturing

BizEx957-KF

Background

General Location:Southbay, CA
Category: Chemicals & Allied Products
Years in Business:60+
Under Present Owner:60+
Hours of Operation:M-F
Owner Hours:Full time-flex
Training:8 weeks @ 20 hours
Organization Type:
Lease Expiration:N/A
Lease Options:N/A
Building Size:22,000
Employees:13
Reason for Sale:Retirement-no succession plan

Financials

Asking Price:Call
Down Payment:Negotiable
Gross Sales:$3,123,000
Discretionary Cash Flow:Call
FF&E:$980,876
Inventory Included?
Inventory:$1,150,000
Min. Operating Capital:
Real Estate Available?No
Rent:
Financing:Call

Description

Business for sale is a long established chemical manufacturing business. The company's area of focus is in the production of cleaning and detergent type compounds. This family operation has been a going concern for over 60 years. The current operators are the last of the family and are ready to retire. Sales have been flat for some time as the owners have not had a lot of motivation to grow the business. Most of the customers are long term clients with little interest in moving to a new vendor so the current revenue stream is secure and just waiting for a new owner to bring the sales energy to grow the business. There is real estate that is available to be acquired that should make bank financing a strong possibility for the right buyer. The company's competitive radius is the western portion of the country which makes this an ideal acquisition for a synergistic buyer looking for an initial or expanded foot print in this part of the country. For all the details please contact Kendric Foultz at 310-968-2369 and or go to www.bizex.net and register as a new buyer.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Kendric Foultz, CBB
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 102
Direct: (310) 968-2369
Lic#: 01376005