Business for Sale Overview:
Fully integrated – manufacturing (through sub-contractors), wholesale, and retail – iron works, decorative wood work furniture (rustic, painted frames) & art (one vendor is renowned Baja California artist). Busy retail during 6 month “Summer Season”: April through September. More emphasis on wholesale business during “Winter Season”: October through March. Prime Tourist Area in Rosarito, Mexico.
Owner used family – nieces & nephews (plus boyfriend / manager); requires minimum of 2 – one for the financial side - handling money & books; the second for selling.
Although this is an all cash deal at the $225,000 firm price, Seller will sell the Business for $65,000 (subject to $15,000 minimum commission), and give a lease on the owned property for 5 years at $800 per month, plus a five year option at 10% increase, plus an option to sell the property for $212,000.
After reducing the $150,000 earnings by the $9,600 per year lease ($800 per month), the SDE would be $140,400, and, on the $65,000 price, the price to SDE ratio would be 0.46X.
We may have an experienced operator, who ran a larger business in the same location, who would run the business for 50% of the cash flow. She believes income would be $200,000 plus. This could give a $100,000 return (for the 50% share) on the $65,000 investment for an absentee owner. This would be a price to SDE ratio of 0.65 on an absentee owner basis – subject to Buyer’s approval of the joint venture manager – who would at all times be an at will employee of the Buyer.
Monthly sales $55,000-$60,000 Summer - more retail; $35,000-$45,000 Winter - more wholesale.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
1,722 square feet.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Resources: