$Seller Financing Available
| Asking Price |
$783,000 | Inventory |
tbd* |
|---|---|---|---|
| Gross Income |
$1,274,433 | Real Estate |
|
| Cash Flow |
$260,925 | Year Established | 2004 |
| FF&E |
tbd* | Employees | 2 |
* included in the asking price
** not included in the asking price
Founded in 2004 (using connections made at another company and in a different state dating back to 1997) this business has grown from $240k in the first year and $800k in 2005 to $1,295,000 in 2007 and $1,274,433 in 2008. The company is on tract to do 1.5mm plus in 2009. this firm does things well that others can t duplicate, like putting a shine on heavily trafficked retail spaces. The customer base is a collection of large retail companies. The company is both price competitive and profitable. The company lost one large retailer in late 2008 when the customer tried to renegotiate the price. The customer left but less than a year later they are back, paying the right price for quality service and expanding the number of outlets where they will contract service. At this time this appears to represent another $250,000 in annual sales. The current owner is ready to let go at this time. She is spending more time in the business than she wants to. She wants to spend more time with her Grandchildren.
Facilities: Located in a new industial park but the lease which can be renewed will expires in Nov 2009. 850 feet of office and 2150 in the warehouse.
Competition: They will pick up another $250,000 in sales in the coming year, already sold. This is in spite of the fact that they nave no ongoing marketing effort and haven't since 2007 when the "hunter" moved.
Growth/Expansion: Solid base with marquee accounts. Could be grown as fast as money and energy are available.
Seller Financing Available: Yes
Financing: 300k Dwn Note 483k @ 6% OR $11,343.27 for 48 months
Support/Training: 4 weeks full time at close of escrow at no cost to buyer
Reason Selling: Retiring

Mark Tabbert
949-752-9700 x103
VR Business Brokers/Hines and Associates
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