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
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.
