Interior & Exterior Light and Accessory Manufacturing!

Burbank, CA (Los Angeles County)

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Asking Price: $1,450,000

Cash Flow: $650,244

Gross Revenue: $1,325,949

EBITDA: $650,244

FF&E: $33,013

Inventory: $450,000*

Rent: $6,000 /Month

Established: 1991

*not included in asking price.

Interior & Exterior Light and Accessory Manufacturing!

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Business Description

This light and accessory manufacturer has been established for nearly 30 years. They manufacture exquisite interior, exterior and custom light fixtures – a market segment with high barriers to entry and are listed with the Underwriters Laboratories and is certified for the Canadian sale and distribution. All of their fixtures are hand forged and finished and are LED compatible. Due to their designs, ability to customize products, prompt execution and timely delivery the firm has become a favorite with interior designers, architects, hotels and real estate developers.

Detailed Information

Location:
Burbank, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
7,000
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All of the enterprise’s furniture, fixtures, equipment, goodwill and permitting are included in the sale. $450,000 in inventory will be sold at cost at close in addition to the purchase price.
Competition:
While the industry does have a fair amount of competition, high barriers to entry coupled with the years it takes to establish credibility, build a reputation and develop a loyal client following discourages new competition.
Growth & Expansion:
Building upon nearly 3 decades of goodwill and customer satisfaction, as well as a formidable product offering and incredible production ability, new management may take this opportunity in any number of directions readily available to it.
Support & Training:
4 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld - CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Michael Wildeveld

Veld Mergers & Acquisitions

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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