Manufacturer - Decorative Lighting Fixtures

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Unique Indoor and Outdoor Lights Made in USA

Business Description

Great Opportunity to own a niche USA Lighting Manufacturer Company based in the Pacific Northwest. Specializing in design, manufacture and sales of decorative lighting fixtures made of steel for residential (70%) and commercial (30%) applications. Over 20 years in business, the Company has over 2,000 standard products plus proven ability to make custom lights for a variety of customers, including hotels, restaurants and the consumer markets. The Company operates in a portion of a 22,000-square foot building, which is also owned by Company Owner. This facility features production areas, warehouse space and office space. Vertically integrated, the production process includes CNC cutting equipment, welding equipment, powder coating equipment, forklifts and pallet racking and an experienced operating staff. All designs are copyrighted and UL Listed for both the US and Canada.

The company has a proven track record, supported by its long history. With its niche range of products, the company’s marketing efforts focus on targeting hospitality projects and homeowners through its website and 200+ lighting showroom dealer network. Revenues have been steady, over the past five years, but there is room to grow with better focus on the hospitality market, increases to the advertising budget and an Owner/Manager giving 100% attention to the Business. 2018 revenue is about $580k. The business has everything it takes to grow; equipment, customer database, long time business reputation, well known company name and phone number (over 20 years old), and established approved lighting fixture designs. Current Owner is selling in order to concentrate on the other business non-competing business operated from the same location. He can stay on for one year as consultant as needed. Please be prepared to sign a Non-Disclosure Agreement and provide some info regarding funds.

Purchase price includes inventory, equipment, computer systems, UL Certificates, designs, trademarks, company websites, etc. Owner will consider a person with strong sales and marketing management experience to make a small initial investment and then “earn in” to own the business over three years.

If you have sought a specialty, unique niche, leading brand line manufacturing, packaging, retailer company in over 200 retail stores with a prominent internet website and retail business priced to sell with a retiring seller, check this one out!

About the Business

Year Established:
1997
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
11,000
Rent:
$4,400.00 Per Month
Lease Expiration:
12/31/2023
Facilities:
Business operates out of a 22,000 sq ft building, of which, half is used for the lighting manufacturing. The building is leased from the Current Owner. Assets of the Lighting Business include a 10 x 20' CNC plasma cutting machine, 6 welding stations, a 8 x 12 powder coating oven and related booths and tanks, assembly tables , forklifts, tools, jigs and so forth. There is also parts inventory, glass inventory, artwork, computer files as well as the e-Commerce website.
Website:
www.avalanche-ranch.com
Market Outlook/
Competition:
Primarily selling in the USA and Canada via the internet and through retail lighting stores throughout the USA. Competition is other lighting resellers, but no one has the depth of our line in our niche. As a US manufacturer, we have short lead time and full custom capabilities for projects for up to 400 lights per job. Too small for the overseas manufacturers.
Growth & Expansion:
Having a New Owner that is full time, dedicated sales and marketing owner in place could greatly expand the business by marketing to the hospitality market and other theme venues.
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About the Sale

Reason For Selling:
Current owner to focus on his other business.
Training/Support:
Operational staff have long tenure with the business and so manufacturing and customer service is totally set up. The Owner is in charge of marketing and running two businesses is difficult. Since the lighting business shares the building with the Owner's other business, the Owner will be nearby for up to a year after the sale.
Seller Financing:
A) 30% down - qtrly payments balance due in 5 years

Listing Info

ID:
1421398
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  Non-Disclosure Agreement. (76 KB)
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Asking Price:
$585,000

Gross Revenue:
$585,000
Cash Flow:
$60,000
EBITDA:
$60,000
Inventory:
$120,000
included in asking price

FF&E:
$300,000
included in asking price

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Business Listed by
Ivan Rogozinki
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