Niche Lighting Products Manufacturing
Location United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2300000
Net Profit / Cash Flow $425000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 10 - 19
Inventory 335000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Up to 6 months as paid consultant.
Reason for Sale Other business interests.
Description This Company manufactures and sells decorative residential and commercial light fixtures made of steel. Sold under three different brand names, these light fit into a solid lighting niche. The company was established in 1997 and has now over 1,700 different lights. These UL approved lighting products include wall sconces (interior & exterior), bathroom lights, chandeliers, ceiling lights and portable lamps. Sales growth has averaged 22% per year over the last five years. The Company has annual sales of $2.2 million and Seller's Discretionary Cash of over $425K. The Company currently operates out of a newer 22,000 square foot facility in a small town in the Pacific Northwest.
This is excellent opportunity for the strategic buyer looking to expand its offering or for a new owner looking for a solid, well-managed company poised for continued growth in which they can add value through their previous industry affiliation and artistic sensibilities.
The asking price for the business $1.450 million plus inventory at closing. Price includes $600K (original cost) of equipment, sellers non-competition agreement and all rights to the proprietary designs. Inventory currently value at about $335K. Asset purchase is $550K cash down plus Seller Note at 8% per annum payable over 4 years. Owner is willing to stay on as consultant for 6 months.
The building is also available for purchase for the recently appraised price of $1.6 million, all cash at closing.
Contact us now if you are seeking a company with:
-Clean financials.
-Recession resistant.
-Amenable to partial absentee ownership.
-Currently cash flow positive, with excellent growth potential.
-Situated in a family friendly town rated highly for its quality of life.
Contact for more information on this Niche Lighting Products Manufacturing business for sale.
Click Here To Contact Seller
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