24 Year Old Commercial Furniture Manufacturing and Repair
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This listing is: Off Market
Background
| BizEx ID: | BizEx1079-DC |
|---|---|
| General Location: | Downey, CA |
| Category: |
Manufacturing Furniture |
| Years in Business: | 24 |
| Under Present Owner: | 24 |
| Hours of Operation: | 6am - 3pm |
| Owner Hours: | 6am - 6pm |
| Training: | 4 weeks @ 20 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | month to month |
| Lease Options: | NA |
| Building Size: | 7,315 sq ft |
| Employees: | 6 |
| Reason for Sale: | Retirement |
Financials
| Asking Price: | $414,000 |
|---|---|
| Down Payment: | $41,400 |
| Gross Sales: | $760,000 |
| Discretionary Cash Flow: | $164,160 |
| FF&E: | |
| Inventory Included? | |
| Inventory: | |
| Min. Operating Capital: | $40,000 |
| Real Estate Available? | No |
| Rent: | $5,315 |
| Payroll: | $18,000 |
| Financing: | Other |
| 2016 | 2015 | 2014 | |
|---|---|---|---|
| Gross Sales | $ 759,673 | $ 758,790 | $ 816,549 |
| Gross Profit | $ 497,843 | $ 445,361 | $ 479,224 |
| Disc. Earnings | $ 166,578 | $ 76,175 | $ 105,750 |
