Lamp Manufacturer Illuminates Profits!

Los Angeles County, CA

Seller Financing Available
Lamp Manufacturer Illuminates Profits!
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Asking Price: $1,750,000

Cash Flow: $370,780

Gross Revenue: $4,243,000

EBITDA: $220,780

FF&E: $450,000

Inventory: $576,000

Established: 1947

Lamp Manufacturer Illuminates Profits!

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Business Description

Founded in 1947, this lamp and lighting manufacturing facility sells it's top quality products to a variety of markets, both retailers and clients in the hospitality industry. Their lamps can be found at some of the most prestigious properties in the country. The business is strongly vertically integrated. They design their own products, makes their own clay and ceramics, and do their own plating.They sew and fabricate their own lamp shades and assemble all products in-house, providing a one-stop shop for their customers. The business has a long history of profitable operations, and has significant excess capacity to grow into additional markets. The 108,000 square foot facility is located close to the Port of Los Angeles, making it a strategically desirable location for warehousing and distribution.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 108,000 square foot facility is easily accessible and has plenty of space to house it's vertically integrated departments with lots of capacity for additional growth. It is owned by a family partnership who would consider it's sale along with the business.
Competition:
This is one of the few fully integrated domestic lighting and lamp manufacturers in the country. This positions the business to be able to react quickly to their customer's demands, whether it is a minimal production run or short lead times. Best-in-class customer support and response time keeps their customers coming back.
Growth & Expansion:
The business has done very little in the way of marketing or advertising, relying on word-of-mouth and repeat business from existing customers. Additional emphasis in marketing and advertising could open up additional business, especially given the domestic production capabilities.
Financing:
The seller is willing to finance 10% of the purchase price for a qualified buyer.
Support & Training:
The owners are committed to ensuring a smooth and successful transition to the new owner. They will introduce the Buyer to all of the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. Understanding the complexities of their operation, 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 would like to retire and spend time with family.
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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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