Sold Business

Sold

High Profit Home Improvement

BizEx979-KF

Background

General Location:South Bay, CA
Category: Miscellaneous Repair
Special Trades
Years in Business:17
Under Present Owner:17
Hours of Operation:7:30am-6:00pm
Owner Hours:7:30am-4:30pm
Training:4-6 weeks @ As require by buyer with in reason hours
Organization Type:S-Corp
Lease Expiration:August 31, 2017
Lease Options:
Building Size:1,950
Employees:13
Reason for Sale:Owner has moved out of the country

Financials

Asking Price:$685,000
Down Payment:$137,000
Gross Sales:$1,500,000
Discretionary Cash Flow:$275,000
FF&E:$35,000
Inventory Included?Yes
Inventory:$5,000
Min. Operating Capital:
Real Estate Available?No
Rent:$2,009
Payroll:$47,000
Financing:SBA

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