Manufacturer And Industrial Distribution
Location: United States -> California -> Southern California – All Southern California
Industry: Wholesale and Distribution > Wholesale and Distribution
Businesses for sale Summary
Recession Proof XYZ Manufacturer and Industrial Distribution
Seller calls his company Recession Proof and this Wonderful company is a long established local Southern CA manufacturer and distributor in business for over 50 years. The company has its own proprietary line of products which are made for them by contract by domestic and overseas manufacturers, and also sells national name brands to complement its product line. Over 1000 products are sold. Long time customers include government entities which have contracts that have existed for many years, businesses, and real property owners and operators. Sales for 2007 were over $18,000,000 and Seller Cash Flow was over $1,000,000 for 2007. Projected sales for the next twelve months are $26,000,000 with Seller Cash Flow increasing more than proportionally from 2007. Seller owns much of the company real estate and may include the real estate as part of the transaction for the right buyer. The company has over 50 employees, all of which are non-union. The company has several levels of employees: Top Management, General Manager and Sales Manager, Department Managers, and various Employee categories. Seller plans to retire yet under the right circumstances may stay on under employment contract, consulting contract, or other mutually agreeable format if buyer needs help with running and expanding the business. SBA finacning available for a $2,000,000 portion of the purchase price. Seller is asking buyers to make an offer, as the current growth rate in sales and profit is accelerating due to acquisitions and increased sales resulting in increased Seller discretionary cash flow.
For more information, please contact Lonnie Langdon or Hazel Hofsess at (310) 539-8300.
Financials
Asking Price Range: < $250K
Gross Revenues: $18,000,000
Cash Flow: $1,000,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $1,600,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1981
Number of Employees: 50 – 99
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller will provide training for 4 weeks at 40 hours/week.
Reason For Selling: Retirement.
