Sharpening
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $226000
Net Profit / Cash Flow $67000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1985
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training It is negotiable as to how long the current own...
Reason for Sale The owner wishes to pursue retirement at this time
Description This business was originally established in November of 1985, and has remained under the same ownership ever since its inception. It originated as a small home type business in 1982. The company was purchased in 1985 by the current owners, who had previously been in the same business, but in a different location. They were then working in machining and sales, but opted for the challenge once again of running their own company. At that time both owners were ready to move having already acquired property there. All the chips fell into place and the present business was acquired. Larger and more appropriate quarters were needed. The quarters they now occupy were obtained on November 20, 1985, thus the new operation was launched. A success from the start, it grew 10% to 20% per year over the next four years to become the leading shop of its kind in the North State. Their creed was a pledge that quality and service to the customer were #1 priority which quickly made this business the recommended sharpener in the area. This company is centralized within a well known community and is situated in a great location for heavy foot traffic. It also has excellent room for growth with minimal supplementary expenses. Contact for more information on this Sharpening business for sale.
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