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Custom Metal/Lighting Fabrication
Southern California, California
Manufacturing - Metals Components Manufacturing  |  Machinery - Other Machinery
Seller Financing Available
Asking Price:   $1,900,000Inventory:   $1,500,000 ++
Gross Revenue:   $2,382,924Real Estate:   n/a
Cash Flow:   $481,931FF&E:   $1,600,000 ++
++ included in the asking price         ** not included in the asking price
Niche manufacturing of custom lighting and fabrication of furniture. All designs are original and the company fabricates from scratch to the finished products. Hence, the company has unique capabilities in the industry. The products include chandeliers, sconces, and interior and exterior lighting for electric or gas. The company has a full service design and manufacturing facility with the capability to handle small and large projects. The products are high end and can be found in luxury hotels and homes around the world. Business has declined the last few years largely due to the economy. The buyer will need to relocate the business to a smaller facility that is efficient and cost effective. This is a turn around situation and the company will generate significant profits by paying a much lower rent (i.e. small space of approximately 20,000 sq. ft.) and then increase marketing activities. Owners are ready to retire but are willing to assist the buyer for a reasonable period to facilitate a smooth transition. The company's reputation is extremely high and they have products in show rooms around the country. This is a unique opportunity for a company with additional manufacturing space to grow their business by adding on a business like this.
About the Business
Employees:23 full time -
Relocatable:Yes
About the Sale
Management Training and Support:Seller will train for 4 weeks at 40 hours per week.
Reason For Selling:Retirement
Seller Financing:Seller will carry a balance of $500,000 at 8% interest for 5 years.

KEYWORDS: Niche manufacturing of custom lighting and fabrication of furniture. All designs are original and the company fabricates from scratch to the finished products. Hence, the company has unique capabilities in the industry. The products include chandeliers, sconces, and interior and exterior lighting for electric or gas. The company has a full service design and manufacturing facility with the capability to handle small and large projects. The products are high end and can be found in luxury hotels and homes around the world. Business has declined the last few years largely due to the economy. The buyer will need to relocate the business to a smaller facility that is efficient and cost effective. This is a turn around situation and the company will generate significant profits by paying a much lower rent (i.e. small space of approximately 20,000 sq. ft.) and then increase marketing activities. Owners are ready to retire but are willing to assist the buyer for a reasonable period to facilitate a smooth transition. The company's reputation is extremely high and they have products in show rooms around the country. This is a unique opportunity for a company with additional manufacturing space to grow their business by adding on a business like this.


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Business Listed By
Bon Wakam  |  Sunbelt Business Acquisitions & Sales
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Industry: Machinery

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