Lease Rate/Sq. Ft.:N/A
*not included in asking price.
Manufacturers' Sales Representative.
The seller is a representative of several companies that manufacture or import construction-related items. Hence, a very large majority of the revenue is derived from sales of products. He also rents equipment and does some repairs: In 2013, when he had a PT employee for a short period of time, about 16% of the sales were derived from repairs and rentals; in 2014, when he had a FT employee, about 20% of the sales were derived from repairs and rentals; in 2015 when he had a very PT employee, about 17% of the revenues were generated from repairs; in 2016 from January to July, when he had no employees, about 6% of the sales were generated from repairs and rentals. Gross revenue in 2013 was $357,786.00; in 2014 it was $525,267.00; in 2015 it was $411,286.00; and in the first 7 months of 2016 it already reached $364,020.00. He has many customers, but 3 or 4 of them combined represent about 50% of the revenue.
Very few items are shipped to the customers; some are delivered; most are picked up by the contractors or private users. The business has about $35K of sellable parts which is not included in the asking price. All tools, fixtures, equipment, and pick up van are owned and included as part of the assets.
The business was established 6 years ago. Sales have been generated by word of mouth only. The owner has no website and does not advertise. The net income in the past four years averaged $115K per year. One can imagine the increase in revenue if he hires a FT employee at the shop, creates a website, and spends some money on advertising.
The business is located in the Dublin, Livermore, Pleasanton area and consists of a warehouse/work area, a storage area for the parts, and a front desk/office section. It has a lot of parking spaces and a rent of $1,800.00/month.
The seller is willing to carry a note of $50K for 2 years with 6% interest, and he’s willing to train the buyer, free of charge, for 4 weeks at 40 hours per week.
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors, Inc.
- Not included in asking price
- Real Estate:
- Building SF:
- Lease Expiration:
- 50,000 for two years @ 6%
- Support & Training:
- Willing to train the buyer, free of charge for 4 x weeks @ 40 hours a week.
- Reason for Selling:
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