Iron Hardware Mfg/Retailer pounds out the profits!

San Luis Obispo County, CA (Relocatable)

Seller Financing Available
Iron Hardware Mfg/Retailer pounds out the profits!
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Asking Price: $850,000

Cash Flow: $279,000

Gross Revenue: $578,000

EBITDA: N/A

FF&E: $77,400

Inventory: $100,000

Rent: $2,125 /Month

Established: 1997

Iron Hardware Mfg/Retailer pounds out the profits!

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Business Description

Easily Relocatable, 100% Web Based Sales

Established in 1997 by the current owner, the business has established a strong web presence and now provide hardware to top design firms and end users across the country. All their products are their own hand forged hardware, and 100% of their sales are generated through their own website. This is an easily relocatable business that can continue to generate sales from anywhere with access to the internet and a shipping service.

Detailed Information

Location:
San Luis Obispo County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates out of a 2500 sq. ft. leased commercial space. There is plenty of space and capacity to easily double the sales volume. The landlord is willing to negotiate a long-term lease for a new owner, or the business can easily be relocated anywhere in the country.
Competition:
The company has established itself as a niche provider of high-quality hand forged hardware which can be customized to the user’s needs. These are strengths that are hard for the big players to duplicate and would take many years for a startup to achieve. Their customers appreciate quality, service, and value. While there are cheaper imported hardware versions available, they don’t come close to the quality of material and workmanship offered by the company. Their customers understand this and wouldn’t get product anywhere else.
Financing:
85,000
Support & Training:
The owners are willing to train a new owner for up to 5 weeks at up to 30 hours per week.
Reason for Selling:
The owners have other real estate interests in the area that they will focus on
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Steve Barnett

Business Listed By:
Steve Barnett

KeyStone Business Advisors

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Sponsoring Broker:
Dave Richards

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