Specialty Precision Metal Works

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Background

BizEx ID:BizEx1415-KF
General Location:Pico Rivera, CA
Category: Business Services (B2B)
Primary Metal Industries
Years in Business:73
Under Present Owner:16
Hours of Operation:M-F 5:00am-2:30pm
Owner Hours:Flexible
Training:4 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:N/A
Lease Options:N/A
Building Size:9,676 sqft
Employees:9
Reason for Sale:Retirement

Financials

Asking Price:$520,000
Down Payment:$520,000
Gross Sales:$1,352,039
Discretionary Cash Flow:$385,000
FF&E:$150,000
Inventory Included?Yes
Inventory:$0
Min. Operating Capital:$75,000
Real Estate Available?Yes
Rent:$11,000
Payroll:$37,100
Financing:SBA

2022 2019
Gross Sales $ 1,353,040 $ 1,072,621
Gross Profit $ 735,196 $ 631,265
Disc. Earnings $ 404,543 $ 338,479

Description

This business for sale is a long established company that offers a specialty niche service in the precision metal cutting industry.  In its current form it is an ISO 9100:2015 certified operation with the further designation of being a women owned business.

The business is well staffed and the owner only comes into the facility two or three times a week for a few hours per day to handle standard business ownership issues.  A full time working owner would have the opportunity to really grow the business particularly if they had a marketing background and had some relevant connections and experience in the industry.

The company has shown stability over the years and while Covid had a significant impact the company's financials and most recent tax return show a very nice recovery to equal if not better pre Covid conditions.  The business has been pre approved for an SBA 7a acquisition loan with buyer capital injection as low as 15%.

For a buyer that requires to be able to purchase the operating real estate, the approximately 9,600 sqft building and associated land is also available for purchase.

For more details please contact Kendric Foultz at 310-968-2369 or kfoultz@bizex.net


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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.




Kendric Foultz
Business Broker / M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 102
Direct: (310) 968-2369
Lic#: 01376005

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