S&S Welding Company San Jose +47 Years

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Asking Price:
$300,000

Gross Revenue:
$759,792
Cash Flow:
$323,553
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

BTI # 8603
The seller owns the real estate and must vacate the premise in apx. 12 months so a buyer will have to move the assets to a new business location. The site is being developed into residential condos. In an interview with the owner and a commercial R/E broker they felt the business can be conducted in a 5,000 square ft. facility with a 5,000 square ft. yard for staging. Rent for the new space is projected @ 1.50 sq. ft. NNN and is noted on the recast as a positive add back. This is a well established business (+47 years) serving a diverse clientele of public and private companies. They are a union shop specializing in smaller jobs and are well know for a quick turnaround and their expertise in handling a wide variety of materials to weld or fabricate.
Sales: $759,792 Purchase Price: $300,000 Down Payment: $60,000
Cash Flow: $323,553 from Seller’s 1120 Fed Tax Form as of August 31, 2018
Rent: N/A NNN N/A Lease Expires: N/A Employees: FT: 2, PT: 0 Owners: FT: 1, PT: 0
Option Yrs: N/A Bldg Size: (Sq. Ft.) N/A
Reason for Sale: Retirement Hours: Monday - Friday 8:00 / 4:00

About the Business

Location:
San Jose, California
Year Established:
1971
Number of Employees:
2 FT
Relocatable:
Yes
Real Estate:
Owned
Building Sq. Ft.:
10,000
Facilities:
Will need to move to new location
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About the Sale

Reason For Selling:
retirement
Training/Support:
2 weeks for 40 hours per week

Listing Info

ID:
1512441
Ad Detail Views:
598

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Business Listed by

Michael Floorman

BTI Group/Business Team
License# 01160661

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