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Lighting Accessories Manufacturer
Location Alabama,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1805000
Net Profit / Cash Flow $230000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1995
Number of Employees 10 - 19
Inventory 568000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 30 - 45 days
Reason for Sale Age of sellers (one is over 70)
Description Alabama Lighting Accessories Manufacturer - This company serves many profitable niche markets as well as also-profitable larger markets. The company has been in business for over 15 years, and it has not experienced a great amount of competition from low wage countries such as China. The company's best year during this period was 2005, when sales were $5,450,000. Just as the company was very successful in increasing sales and expanding operations in past years, it also has found ways to continue to be reasonably successful in the environment created by the Great Recession. For 2012, the company has embarked on a new path of emphasizing profitable sales and working harder to avoid marginal and unprofitable sales. The business is for sale because of the age of the Owners, especially that of the President. While they would like to continue in the business, they believe that it makes more sense to sell the business to a younger generation, who can restore the company to its prior level of sales and profits and then take it to the next level if desired.
Furniture, Fixtures, & Equipment: $ 240,000
Vehicles and / or rolling stock: $ 8,000
Inventory: $ 320,000
Accounts Receivable (if included): $ -0-
Land and Building (if included): $ -0-
Other Assets: $ -0-
Current Liabilities to be assumed: $ -0-
Current Notes to be assumed $ -0-
Asking Price: $ 650,000
Down Payment: $ 130,000
Annual Sales Volume: $ 1,805,000
Cash Flow: $ 230,000
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