Manufacturer of hand tools used in the paving construction industry. Most sales are wholesale to retailers and paving contractor companies throughout the USA. The tools are very low tech, but high quality and preferred over the Chinese made poor quality competitors. Cost of materials range approximately 20%, rest is labor and expenses leading to approximate net profit $250K. Company can be run by a full time Owner and two full time Employees. Building is 3458 Square Feet free standing light industrial in the San Fernando Valley area. Building can either be Purchased at $1.2M, or Leased at $1600 per month.
This is a great opportunity for a niche manufacturer Established in 1948. Short hours from 8 AM to 4 PM, Monday-Friday. Current Inventory sits at approximate range of $150K up to $300K in addition to purchase price of the business.

This is a Confidential Sale, please direct all questions to the broker.

Down Payment: $750,000

Total Sales: $820,000

Cash Flow: $250,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: $90,000

Accounts Receivable Included: No

FFE: $100,000

FFE Included: Yes

Inventory: $250,000

Inventory Included: No

Year Established: 1977

Days & Hours of Operation: M-F 8-4PM

Owner Hours Per Week: Full Time

Non-Owner Payroll: N/A

Employees: 2

Absentee Owner: No

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $1,600

Type of Location: Industrial

Square Footage: 3485

Relocatable: No

Facilities Information:

San Fernando Valley area, Block Industrial Building available for purchase $1.2M or Leased at $1600 per month. All equipment included, low tech drills and presses.

Reason For Sale:

Retire

Historical Summary:

Established in 1948 by great relatives.

Competition:

Made in the USA. High Quality over Chinese made competitors.