International - Manufacturing Operations

Business Overview:

The company is a contract manufacturer in Mexicali, Mexico, with over 15 years of experience in manufacturing and assembling jewelry and fashion accessories. Mexicali is strategically significant for companies who want to move their manufacturing, assembly, or packaging business to Mexico near the
California/Mexico border to reduce costs and tightly control the supply chain.

The property is conveniently located within 15 minutes from the international cargo border crossing and 8 minutes from the passenger crossing station. The property was built using American construction standards with manufacturing needs in mind. It offers a 112.5 KVA triple-phase electrical transformer. In addition, it provides a separate AC duct/exhaust system and appropriate/up-to-code harsh chemical residue storage areas for plating. The building has barrel plating and soldering areas, a meeting room, a reception area, an assembly area, an enameling area, a kitchen, and four offices. The lot size is 16,600 square feet, while the building is 6,000 square feet.

The corporation has been approved for IMMEX, which must be renewed annually. Furthermore, the company has expanded its services as written and approved in the 'articles of incorporation' for the following services: assembly, welding, painting, cleaning, adjusting, packing, filing, or cutting services of all kinds of materials, as well as the manufacture of jewelry and its parts. The total number of approved product categories for the IMMEX license exceeds 70. Having established and maintained the IMMEX license, the company may apply for and acquire new products permit with some exceptions. Furthermore, according to the company's attorney, the company may extend the IMMEX permit to other locations within Mexico.

The company has 16 employees who are skilled and trainable. One manager has the potential of being promoted to take over most of the owner's responsibilities.

The property, the equipment and fixtures, the book of business, and the company's goodwill are included in the asset sale price.

For further inquiries, please contact Matt Manavi.

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Reason for Selling:

Retirement

Additional Details:

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