Business for Sale

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

Description

 Business for sale is a very profitable scalable construction related opportunity that is well established in the South Bay area of Los Angeles. This business is pre-approved for an SBA 7a loan for buyer acquisition.   The business is approaching its 18th year of business and is a fixture in the industry and community.  The owner have been operating the business remotely and acknowledge that while possible, it is much better to be hands on and present in the business.  This is essentially an opportunity to buy a branded company that has a history of repeated and consistent sales and profit over many years.  An ideal buyer would bring the energy and ambition to continue and grow what has been built thus far.  Typical small business ownership skills are required and a specific CSLB license will need to be arranged.  The seller would be willing to work with a qualified buyer in regards to the licensing situation.  For more information please go to www.bizex.net and register or for immediate response simply call Kendric Foultz at 310-968-2369.


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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