Picture Frame Distributor / Manufacturer
Location South Carolina,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $4500000
Net Profit / Cash Flow $450000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1991
Number of Employees 35 - 49
Inventory 2000000
Relocatable Not Disclosed
Number of Employees 35 - 49
Real Estate Owned
Training Seller will train as needed.
Reason for Sale Retirement.
Description This business has been established for over 20 years. 2012 Sales are on track for $4.5 Million which greatly exceeds 2011 sales of $3.9 Million. Prior to the recession, sales were $7 Million. There are currently 35 employees. The company has 1,800 customers of which half order several times per month. Deliveries are made weekly. Seller is at retirement age and wants to play more golf, but is willing to work part time for the new owner. Several other key employees are in place, but this business is best suited for a hands-on owner. The business is located in a very desirable place to live. The Seller also owns the real estate with a building in excess of 60,000 SF which is appraised for $1,050,000. The Seller prefers to sell the business and real estate together. Currently there is no formal asking price. Hard Assets alone are about $2 Million, excluding the real estate. This is a really nice business with a serious Seller. For additional information, contact Bill Law at 904-819-6930 x 12
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