100% Absentee-owned, $3.2M in Assets Debt Free, Cash Flows $1M on $8M.

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100% Absentee-owned, $3.2M in Assets Debt Free, Cash Flows $1M on $8M.
Asking Price:
$2,600,000

Gross Revenue:
$8,100,000
Cash Flow:
$750,000
EBITDA:
$750,000
Inventory:
$740,000
included in asking price

FF&E:
$1,700,000
included in asking price

Real Estate:
$5,500,000
not included in asking price

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Business Description

Seller will carry up to $1M of the $2,600,000 sales price.

Located in South Metro Denver. We Manufacture and Sell Large Cubic Utilization Equipment, Racking, and Shelving for Warehouses, Retailers, and Manufacturers all over the US and Canada to Maximize Their Storage Space. (Since 1977). The Sales Price of the company is $4,300,000 but the seller will carry $1,800,000 of the $4,300,000 for a qualified buyer and will consider an “earn-out” for a portion of the sales price based upon gross sales performance going forward.

This business will qualify for an SBA loan, but the buyer must have at least $1,000,0000 of their OWN liquid funds available to put down.

Real Estate Sale: We are also selling the 6 acres of real estate including over 66,000 SF of a state-of-the-art manufacturing facility and office space. We are selling real estate for FMV or approx. $5,000,000 - $5,500,000.

YOU MUST see the 45-minute video interview with the owner as well as a full facility walk-through in the data room above.

The sale includes approximately $100,000 in cash, approximately $475,000 in accounts receivables, $740,000 in current inventory, and $1,700,000 in assets (QSV), (original cost was over $2,750,000), vehicles, and great equipment to perform all manufacturing. The seller will “guarantee” the collection of the AR for the buyer. The company and the assets will transfer to the new owner at the closing COMPLETELY DEBT FREE, including accounts payables being paid off at closing. This totals about $3,100,000 in NET assets. Please see the comprehensive list of all vehicles, equipment, and values for each piece in the data room below, which also contains the last 5 years of company financials and tax returns etc. The seller seeks $2,500,000 down at closing for $3,100,000 in assets debt free, and will carry $1,800,000 through a promissory note and "earn-out".

The seller will stay on for 3-4 months (or however long the buyer wants) to ensure a smooth and orderly transfer of the entire company operations to the new owner and provide a solid blueprint and assistance for fast growth going forward.

Critical Points to Understand:

100% Absentee-Owned - An On-Site Owner Can Do Much Better. The business has always been 100% absentee-owned, since 1977. In fact, the owner has worked full time at another company nearby. However, starting just this month, he is going in to work for us part time to help out. We have 23 great and loyal employees that run all day-to-day operations, but a business will NEVER be “pushed” unless there is an on-site owner. Absentee-owned businesses will never run optimally or as efficient as one where the owner in pushing it. In fact, in 2013 we cash-flowed over 1,200,000 on sale of $7,141,522, but no one was in there to push sales and marketing efforts when they fell in 2015-2017. This is all we need now.

What We Manufacture and For Who: As you would imagine, large warehouses, distribution centers and manufacturing facilities need to store large quantities of products that are held either for short or long periods of time until they are shipped out. These warehousing, distribution and manufacturing facilities have between 10,000 - 1,000,000 square feet (or even 2MM-3MM SF in the case of Amazon, Walmart, of HD-type facilities) of storage space needed to hold products for a period. Holding as much product as possible is often critical for all these locations and is call “cubic utilization/maximization”. To squeeze square-footage in todays’ warehousing, distribution, and manufacturing locations, companies need to go “vertical”, now, more than ever to get the most product stored. This is where we come in.

We manufacture high quality, durable cubic utilization equipment to suit most storage needs. Our main product lines are “Q Shelf” rivet shelving, “Q Rack” teardrop style pallet rack, and “Q Mezzanines” free standing sto

About the Business

Location:
Denver, Colorado
Year Established:
1977
Number of Employees:
28
Real Estate:
Owned
Building Sq. Ft.:
66,000
Facilities:
66,000 SF building on 5.5 acres for sale for another $5,250,000 or FMV. See video for details.
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About the Sale

Reason For Selling:
2 Owners ages 69 and 79, 100% absentee-owned, but want to sell travel.
Training/Support:
100% absentee-owned and 28 employees run everything autonomously. but seller will stay on for 2-3 months and train and help grow the company.
Seller Financing:
Seller will carry up to $1M with a Note and Earn-Out.

Listing Info

ID:
1485042
Ad Detail Views:
3254

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Business Listed by

Paul Olsen

Company Brokers
License# ER.040043531

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