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B2b Welding Company Over 47 Years
Location: United States -> California -> Northern California - Bay Area -> San Jose
Industry: Manufacturing > Machinery Manufacturing




Business Summary

BTI # 8603 S&S Welding Company San Jose, CA
The seller owns the real estate and must vacate the premise in apx. 12 months so a buyer will have to move the assets to a new business location. The site is being developed into residential condos. In an interview with the owner and a commercial R/E broker they felt the business can be conducted in a 5,000 square ft. facility with a 5,000 square ft. yard for staging. Rent for the new space is projected @ 1.50 sq. ft. NNN and is noted on the recast as a positive add back. This is a well established business (+47 years) serving a diverse clientele of public and private companies. They are a union shop specializing in smaller jobs and are well know for a quick turnaround and their expertise in handling a wide variety of materials to weld or fabricate. SBA preapproved 80% loan
Sales: $759,792 Purchase Price: $300,000 Down Payment: $60,000
Cash Flow: $323,553 from Seller's 1120 Fed Tax Form as of August 31, 2018
Rent: N/A NNN N/A Lease Expires: N/A
Employees: FT: 2, PT: 0 Owners: FT: 1, PT: 0
Option Yrs: N/A Bldg Size: (Sq. Ft.) N/A
Reason for Sale: Retirement Hours: Monday - Friday 8:00 / 4:00


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $759,792
Cash Flow:   $323,553
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $100,000
Seller Financing:  No

About The Business

Year Established:  1971
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  2 weeks for 40 hours per week
Reason For Selling:  Retirement




Print Listing Id: 700320048
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