Total of 18659 firms and businesses for sale today Wednesday 1st May 2024
Time to Sell or Time to Buy !

Business For Sale. Industrial Webbing 26; Garment Trim Manufacturing

LISTING DETAILS
Firms For Sale ID:
12055
Vendor reference:
719359
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,400,000  
Turnover / revenue:
$420,299
Net profit / cashflow:
$1,900,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
California business for sale - IF YOU HAVE 24;400,000 - 24;500,000 TO INVEST, HERE IS A MANUFACTURER THAT WILL PROVIDE YOU WITH 24;285,000 CASH FLOW PER YEAR AFTER PAYING OFF ALL EXPENSES AND NEW FINANCING21; Industrial webbing and garment trim manufacturer that has grown steadily and positively. The growth potential for industrial webbing manufacturing is enormous. The company produces mostly nylon webbing products such as tie-downs for industries ranging from motorcycling, boating (tugging harnesses), automobiles (shoulder and seat belts), aircraft (seat belts), trucking (for example, flatbed ties), to pets (dog and cat leashes). No other webbing manufacturer operates on the West Coast. The company recently acquired a machine that tests breaking strength, which should increase profitability. It is also testing polyesters as a substitute for or addition to nylon. The company also produces trim/narrow fabric for Southern California brands such as Guess, Roxy, Lucky Brand, Lunada Bay, Jerry Leigh, Rampage, Max Azria, Karen Kane, Self-Esteem, American Apparel and Tag Rag. Where the competition must import trim and is slowed down by shipping schedules, this manufacturer produces locally and delivers at a faster pace. Equipment includes knitting, finishing, dye, printing, packaging, weaving, cutting, rolling and tape transfer machines. For the right buyer, seller will carry a note of 24;420,000 if buyer can make a personal down payment of approximately 24;420,000. We anticipate the SBA will lend at least 24;560,000 on this business at 6.75%;. The company can grow by hiring two additional salespeople and by expanding into a 40,000 square foot space. The ownerEF;BF;BD;s desire to return to real estate development can be your opportunity to get into and move the webbing operation to its logical and profitable expansion. For more information, please contact David Silber at 310-539-8300