Custom Electric Car Mfg + Sales. Huge Market

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Background

BizEx ID:BizEx1390-EM
General Location:So Cal, CA
Category: Retail
Manufacturing
Years in Business:13
Under Present Owner:13
Hours of Operation:8-5, M-F
Owner Hours:Varies, Minimal
Training:8 weeks @ 30 hours
Organization Type:S-Corp
Lease Expiration:Varies
Lease Options:Seller owns Corp Office Bldg
Building Size:7,400. 3,300. 2,000. 1,500.
Employees:18
Reason for Sale:Retirement

Financials

Asking Price:$5,600,000
Down Payment:Negotiable
Gross Sales:$5,500,000
Discretionary Cash Flow:$1,400,000
FF&E:$800,000
Inventory Included?Yes
Inventory:$750,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:7,000. 3,500. 2,100. 1,550
Financing:Call

2021 2020 2019
Gross Sales $ 5,500,000 $ 4,000,000 $ 2,600,000
Gross Profit $ $ $
Disc. Earnings $ 1,300,000 $ 900,000 $ 508,000




Eric Mellem
Business Broker/ M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 1220802




Don Mellem
Business Broker / M&A Advisor
4640 Admiralty Way, Suite 500
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922




Dan Higgins
Marketing Consultant
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#:

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations