Manufacturing/Construction with Real Estate
Location: Virginia > Hampton Roads
Industry: Manufacturing > Wood Products Manufacturing
Financials
Asking Price: $925,000
Gross Revenue: $1,200,000
Cash Flow: $265,000
FF&E: $200,000 (Included in Asking Price)
Real Estate: $750,000 (Not Included in Asking Price)
Business Summary
This business has built a strong reputation for quality and customer service. The business has modern equipment and skilled long-term workers. With many new projects on the horizon, the business is in a position to show substantial growth. The financials are very clean with several years of consistent profit. The business has other unique aspects that create barriers to competition that will be disclosed after prospective buyers have signed a non-disclosure agreement. Broker has discussed the business with several SBA lenders and the business and real estate should qualify for SBA lending. It is not often that you will find a business like this come on the market. The real estate is also for sale at $750,000. It is a very nice facility of approximately 9000 s.f. and the owner pays self approximately $40,000 rent in addition to the $265,000 in earnings. The business has existed over 15 years and most of the employees have been with the business for a long period of time (5 to 10 years.) The employees have the ability to do all of the technical aspects of the business.
About the Business
Facilities: The business is located in a very nice industrial park with quick access to an interstate. The building is approximately 9,000 s.f. and has been completely re-done. It is an extremely nice facility with an impressive showroom and well designed and organized shop area. The building has a fire suppression system.
About the Sale
Management Training and Support: Training and continued support available
Reason For Selling: Retirement
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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