7 Year Manufacturer / Installer, Metal Gates and Fences

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Steady Growth, $110K Cash Down SBA Loan possible.
Asking Price:
$549,000

Gross Revenue:
$1,180,000
Cash Flow:
$192,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

7 year manufacturer and installer of high-end metal gates, fences and railings. Recurring revenue from repeat customers. Over 200 customers served annually. No customer concentration. Immediate cash flow from COD or progress payments. No A/R. 11% growth in 2017. Wealthy clientele. With 60, 5-Star Yelp reviews and 110 good reviews on Angie’s list, business has an excellent reputation for customer service and satisfied customers. The nature of these custom metal, essentially luxury products leads to high-end, high income customers who are willing to pay more for quality and great service. Because a trained staff that includes salesperson is in place, the business is relatively easy to manage. The business is readily scalable by simply increasing advertising and hiring a few more employees. The staffing is 1-Salesperson, 2-Metal Fabricators, 5 Installers, 1- Office Assistant. The business carries negligible inventory. . The owner manages and does some sales. The business is located in an approximately 2,000 square feet industrial space with rent of $2,200 per month

With an 80% of asking price SBA Business Acquisition Loan with 7.5% APR and 10 year amortization, the buyer’s total annual debt service payments of principal and interest are $62,561. If the new owner realized only the same cash flow as the seller realized during the 12 Months 2017, then the new owner would net $192,000 Cash Flow - $62,561 Debt Service = $129,439 after servicing debt. A 117% return on cash investment. 12 page business summary with 3 year P&Ls available with executed NDA.

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Listing Info

ID:
1453464
Ad Detail Views:
1234

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Business Listed by

Hoke Nagahori

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