S&S Welding Company San Jose +47 Years

San Jose, CA
Santa Clara County

South Bay Area


Asking Price: Annual Revenue:
$300,000 $759,792

Manufacturing: Metal Products


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RE: S&S Welding Company San Jose +47 Years Broker: Michael Floorman
License #: 01160661

Quick Facts

Asking Price: $300,000
Annual Revenue: $759,792
Net Profit: $323,553
Cash Flow: $323,553
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1971
Employees: 2
BBN Listing #: 3789931
Broker Reference #: 8603

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Business Overview:

S&S Welding Company +47 Years BTI # 8603
The seller owns the real estate and must vacate the premise in apx. 12 months so a buyer will have to move the assets to a new business location. The site is being developed into residential condos. In an interview with the owner and a commercial Real Estate broker they felt the business can be conducted in a 5,000 square feet facility with a 5,000 square feet yard for staging. Rent for the new space is projected @ 1.50 square feet. NNN and is noted on the recast as a positive add back. This is a well established business (+47 years) serving a diverse clientele of public and private companies. They are a union shop specializing in smaller jobs and are well know for a quick turnaround and their expertise in handling a wide variety of materials to weld or fabricate. SBA preapproved 80% loan.

Sales: $759,792 Purchase Price: $300,000 Down Payment: $60,000
Cash Flow: $323,553 from Seller’s 1120 Fed Tax Form as of August 31, 2018
Rent: N/A NNN N/A Lease Expires: N/A Employees: FT: 2, PT: 0 Owners: FT: 1, PT: 0
Option Yrs: N/A Bldg Size: (Sq. Ft.) N/A
Reason for Sale: Retirement Hours: Monday - Friday 8:00 / 4:00

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Reason for Selling:

Has to move business location.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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