Home textile goods manufacturer with property
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Background
| BizEx ID: | BizEx1471-SL |
|---|---|
| General Location: | Anaheim, CA |
| Category: |
Manufacturing Home Furniture & Furnishings |
| Years in Business: | 37 |
| Under Present Owner: | all |
| Hours of Operation: | 7am to 5pm |
| Owner Hours: | 40 |
| Training: | None |
| Organization Type: | S-Corp |
| Lease Expiration: | |
| Lease Options: | |
| Building Size: | 36,285 |
| Employees: | 27 |
| Reason for Sale: | retirement |
Financials
| Asking Price: | $16,735,850 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $6,006,169 |
| Discretionary Cash Flow: | Call |
| FF&E: | $120,000 |
| Inventory Included? | Yes |
| Inventory: | $1,000,000 |
| Min. Operating Capital: | |
| Real Estate Available? | Yes |
| Rent: |
| 2024 | 2023 | |
|---|---|---|
| Gross Sales | $ 6,006,169 | $ 5,949,654 |
| Gross Profit | $ 1,594,823 | $ 1,806,844 |
| Disc. Earnings | $ 703,833 | $ 776,340 |
Description
A distinguished textile manufacturing and distribution company with over 35 years of industry experience. This well-established business excels in manufacturing, wholesale and retail operations, including a presence on Amazon and other major online retailers. Renowned for its high-quality home goods textile products and strong brand reputation, the company boasts a loyal customer base and generates consistent annual revenues of $6+ million, with Seller's Discretionary Earnings (SDE) of $704,000 (1.12M without market rate rent - CRE available). Crafted in their Los Angeles area manufacturing location, this business brings comfort and luxury into the home with products from modern, to transitional, and traditional, with selective textile from around the world. Recently began offering pet products as well.
List price includes 36k plus sqft commercial building, the business, inventory, and AR. Sellers are seeking parties that are interested in everything.
- 704k of SDE includes 420k per year of market rate rent. 1.12M of earnings without rent
- Lot size is 51K sqft with a 36k building
- Minimum of $1M worth of inventory included in the offer price
- 600k of Accounts Receivable included in the offer price
- Seller's will retain Accounts Payable
- Key Highlights: Diverse Business Model, Established Clientele, Prime Real Estate, Valuable Assets, Seller Support post-close
Parties interested in both the business and commercial real estate are prioritized.
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.
