Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Business For Sale. Iron Works, Decorative Wood Work Furniture

LISTING DETAILS
Firms For Sale ID:
10209
Vendor reference:
931232
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$225,000  
Turnover / revenue:
$150,000
Net profit / cashflow:
$500,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Fully integrated 96; manufacturing (through sub-contractors), wholesale, and retail 96; iron works, decorative wood work furniture (rustic, painted frames) 26; art (one vendor is renowned Baja California artist). Busy retail during 6 month 93;Summer Season94;: April through September. More emphasis on wholesale business during 93;Winter Season94;: October through March. Prime Tourist Area in Rosarito, Mexico.Owner used family 96; nieces 26; nephews (manager); requires minimum of 2 96; one for the financial side - handling money 26; books; the second for selling.Although this is an all cash deal at the 24;225,000 firm price, Seller will sell the Business for 24;65,000 and give a lease on the owned property for 5 years at 24;800/month, plus a five year option at 10%; increase, plus an option to sell the property for 24;212,000.After reducing the 24;150,000 earnings by the 24;9,600 per year lease (24;800 per month), the SDE would be 24;140,400, and, on the 24;65,000 price, the price to SDE ratio would be 0.46X.Seller may have an experienced operator, who ran a larger business in nearby location, who would run the business for 50%; of the cash flow. Operator believes income would be 24;200,0002B;. This could give a 24;100,000 return (for the 50%; share) on the 24;65,000 investment for an absentee owner. This would be a price to Seller';s Discretionary Earnings (SDE) earnings ratio of 0.65 on an absentee owner basis 96; subject to Buyer92;s approval of the joint venture manager 96; who would at all times be an at will employee of the Buyer.Monthly sales 24;55-60K Summer - more retail; 24;35-45 Winter - more wholesale.For more information, please contact Joe Gertz at (858) 945-5700.