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Business For Sale
FURNITURE MANUFACTURER
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Asking Price: |
$1,000,000
USD USA Dollars
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Business for Sale Industry: |
Manufacturing: Home & Office Products
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Reason for Selling:
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Retiring. |
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Year Established:
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1996 |
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Yearly Cash Flow:
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$850,000 |
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Yearly Gross Income:
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$950,000 |
Business for Sale Overview:
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.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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