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Die Cutting/Leather Cutting Manufacturing Business
Location: United States -> New Jersey
Industry: Manufacturing > Clothing and Footwear Manufacturing




Business Summary

This business is a 100+ year old manufacturing business. We cut leather and synthetic leathers for the domestic headwear, fraternal regalia, motorcycle and safety industries. Whoever buys this business gets a business with established machinery, including die cutting machines and other machines that can be used to add embellishments to belts and other assorted merchandise. At the same time, the business offers an opportunity for engaging in manufacturing within a half hour of New York City, yet with a rent that is probably one tenth the rent of Manhattan. While I cannot guarantee how long the current rent will be, we are talking about a monthly rent of $1,900 for 9,000 square feet of manufacturing space. Going rates for rent in Manhattan run over $4,000 a month for 1,500 feet. This is an opportunity to move to a large facility, with machines and a small, but reliable annual customer base. The asking price for the sale is pretty much equal to the current inventory and machinery value.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $100,000
Cash Flow:   $100,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $50,000
Seller Financing:  No

About The Business

Year Established:  1999
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Reason For Selling:  Retiring




Print Listing Id: 700315806
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