Riverside County, CA Lumber and Wood Products Manufacturers For Sale

Lumber and Wood ProductsCaliforniaRiverside

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Pallet Recycling and Manufacturing
$1,390,000 Cash Flow: $550,000 Seller Financing
Pallet Recycling and Manufacturing

Riverside County, CA

**BUSINESS SOLD** Pallet Recycling and Manufacturing-Seller Finance, Growing, High Net (Southern California). Established in 1994 by the current owner, the company now has been operating for over 20 years. The company maintain a strong reputation amongst industry brokers and other related vendors. Owner has experienced organic growth since inception in 1994. Approximately 90% of the business is recycling pallets and approximately 10% of the business is manufacturing pallets and some business comes from Storing Lumber on the yard. Some of the many clients this business caters to (via brokers or directly): Coca – Cola, Amazon, Sherman Williams, Anheuser-Busch and more. Owner Involvement: Owner’s involvement in Business Operations is full time, with minimal hands on work and more managerial/ owner responsibilities. The owner normally comes in to work when business opens for operation around 6AM and leaves anywhere between 12-3PM, business operates until around 3:30-4PM. The owner tends to take multiple vacations each year and can manage the business remotely with some key people in place. When at the yard, he manages his employees and orders, while taking up small handy projects around the yard. There is no special technical qualification required to operate this business. If the potential buyer does not prefer operating the business, owner has identified and is willing to train a General Manager per buyer satisfaction. Reason for sale: Owner’s Wife has been diagnosed with a severe medical condition and the couple has decided to relocate to Florida where their daughter lives, so they can spend more time as a family together Seller Goals Post Sale: The seller plans to relocate to Florida after the sale of business and after helping the buyer with smooth transition. The seller plans to relocate around June 2018 and is available to train/ consult/ work until then. The seller plans to open the same business after relocating and plans to use the same contacts that he has here to establish a business in Florida, hence, he believes it is beneficial to both the buyer and seller and it is in seller’s best interest as well to maintain great relationship with clients and vendors. Seller finance available with approximately $350k down payment, reasonable interest rate and up to 10-year payment term. ASKING PRICE: Business - $1.39MM (Including FF&E (approx..$500k)+ Inventory (approx.. $75k) Contact: Raj Parikh | (909) 510-9102 | rparikh@naicapital.com


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