Business For Sale

Business for Sale Overview:

Earn $100,000 On $65,000 Cost As Absentee Owner & Supervise From The Beach – One Block Away! 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 Beach, Mexico. Employees: Owner’s family – nieces & nephews (plus manager); requires minimum of 2 – one for the financial side - handling money & books; the second for selling. Financing: This is an all cash deal at the $65,000 firm price. Seller will also sell the 1,722 Square Feet building for $212,000. This portion of the property will be leased by Seller for 5 years at $800 per month, plus a 5 year option at a10% increase. The Seller’s Discretionary Earnings (SDE) is $140,400. On the $65,000 price, the price to SDE ratio would be 0.46X. Absentee Ownership Opportunity. Seller may have an experienced operator, who ran a larger business in the same area, who would run the business for 50% of the cash flow. The operator projects income of $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. Seasonality: Monthly sales $55,000-$65,000 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:

3,013 square feet.

Reason for Selling:

Retirement

Additional Details:

Resources: