Boiler Manufacturing Company for Sale

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Great Potential / Established in 1951
Asking Price:
$900,000

Gross Revenue:
$2,000,000
Cash Flow:
$258,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$200,000
not included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
$3,000,000
not included in asking price

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Business Description

COMPANY DESCRIPTION:

The subject Boiler Manufacturing Company is a major supplier of steam equipment and services to garment manufacturers, dry cleaners and department stores.

Since 1951, this formerly family-operated business has been serving the greater Los Angeles area specializing in the manufacture of 5HP to 20HP gas boilers and retail installations of new and rebuilt pressing and ironing equipment.

In 1986, on the family’s retirement, the new ownership and management converted manufacturing from gas boilers to much needed down-sized portable electric boilers. The electric boilers range from 6KW to 108KW in sizes and are used in various industries such as bakeries, packaging industries, food processors, labs, garment manufacturers and alteration department of department stores and clothing retailers.

In 2006, the company resumed manufacturing of gas boilers in the sizes of 7HP to 25HP. The company also imports its own brand of Irons and Ironing Boards from Korea and China and distributes nationwide to the Garment and Dry Cleaning Industry Dealers.

EMPLOYEES:

The company currently employs 16 non-union employees. Most of the employees have been with the company for a long time and are well-experienced in boiler making, related products, repair services, and installations.

One of the owners will stay on as a part-time consultant and supervisor for a period of 6 months to 1 year at a salary agreeable to both parties.

BUILDING AND LOCATION:

The company is centrally located in the commercial/industrial area in Midcounties , covering greater Los Angeles and Orange Counties.

The 15,240 square foot plant is situated on 37,682 square feet of industrially zoned land.

About the Business

Year Established:
1951
Number of Employees:
16
Real Estate:
Owned
Building Sq. Ft.:
15,240
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About the Sale

Reason For Selling:
Retirement
Training/Support:
One (1) month free training and also six (6) months to one (1) year paid consulting and supervising support to be provided.

Listing Info

ID:
1358061
Ad Detail Views:
670

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Business Listed by

Brian Park

Penta Pacific Properties

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U.S. Census Data for Los Angeles County, CA
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Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Los Angeles County, CA
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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