Golf Cart Custom Manuf, Sales, Service - Riveside Area CA

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This listing is: Off Market

Background

BizEx ID:BizEx1127-EM
General Location:So. Cal., CA
Category: Retail
Manufacturing
Years in Business:8
Under Present Owner:8
Hours of Operation:8:00am - 5:00pm, M-F
Owner Hours:Varies
Training:4 weeks @ 30 hours
Organization Type:LLC
Lease Expiration:TBD
Lease Options:Buyer to Negotiate New Lease
Building Size:7,400
Employees:8
Reason for Sale:Semi-Retirement

Financials

Asking Price:$2,499,000
Down Payment:Negotiable
Gross Sales:$2,500,000
Discretionary Cash Flow:$600,000
FF&E:$400,000
Inventory Included?Yes
Inventory:$800,000
Min. Operating Capital:
Real Estate Available?No
Rent:$9,250
Payroll:$20
Financing:SBA

2017 2016 2015
Gross Sales $ 2,493,528 $ 2,424,125 $ 2,175,075
Gross Profit $ 1,024,018 $ 1,011,086 $ 963,185
Disc. Earnings $ 596,558 $ 450,573 $ 379,480

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations