Furniture Manufacturer
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $950000
Net Profit / Cash Flow $850000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1996
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Reason for Sale Retiring.
Description Furniture Manufacturer is downsizing after 11 years and selling his operation, located in Ensenada area in Mexico and Riverside, California. In Mexico 45,000 sq. feet structure is being leased for $4,000 a month. 25 Employees, Manager and accountant are responsible for $1,000,000 gross revenue. Contracts with many US retailers. Business is in operation since 1996. All equipment, worth about $250,000 is included (some minor exceptions) Unlimited potential to expand business with the help of sales reps (will be provided by the sellers) Net income is about $375,000-$400,000. In addition to operation in Mexico seller will consider sale of manufacturing facility including property in Riverside County (approximately 1 acre of land) for 1 million. Operation in Mexico can be purchased separately for $650,000. Email or contact Alex Levitan at (818) 640-8080 for more information on this Furniture Manufacturing business for sale.
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