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Small Manufacturing Company with Great Warehouse


Listing No: BBF-966-01998  
   
Category :  Manufacturing SIC :  3449  
Detail :  Mfg-Aluminum Products Price :  800,000  
County :  Sarasota Down :  80,000  
State/Prov :  Florida Adj Net :  16,973  
Country :  USA Sales :  716,596  

Description

This fine business is a small aluminum manufacturing company. A residential or general contractor's license is required to own and operate this business. They build aluminum products for residential end-customers, however they currently only serve wholesale clients. These customers are the bread and butter, and taking on direct retail customers would mean accepting fewer jobs from wholesale. This company is a workhorse. It has been in business for over 40 years, and it's survived the past several with only two customers. They are large wholesale companies which send in 100-150 work orders a year. They could each send more orders, but the manufacturing company is limited by its manpower. They only have the staff to handle the couple hundred they get each year. Currently there are about $600K in outstanding orders which will carry the business into 2022. 
However, the largest asset of this business is not its revenue, but rather the 5,000sf warehouse that comes with it. The owner purchased the building in the early 90s and has maintained it very well. Everything is laid out perfectly for the operation of the manufacturing business, so it would be easier to transfer from one owner to the next.
This would make a great acquisition for someone who is already in the aluminum manufacturing space and is looking to expand, or for someone who would like a great warehouse for their own residential service company.


Business Name :  CONFIDENTIAL     Phone: Confidential
Address :  CONFIDENTIAL, CONFIDENTIAL, FLORIDA 34234
Seller :  Confidential
Listing Type :  EXCLUSIVE RIGHT OF SALE Date Revised  :  9/16/2021
Listing Office is :  TRANSACTION BROKER Code  :  AA-400 900669
Documents on File :  Equipment List:  Y     Lease: N    Corp Resolution: Y
  :  Cash Flow: N     Balance Sheet:  N
  :  Standard Agreement: Y     Signature on File: Y
Showing Remarks :  CALL LISTING BROKER WITH ANY QUESTIONS.

Reason for Sale :  Retirement
General Location :  Sarasota County
Organization Type :  Corp 'Sub S'     Hours Owner Works: 35
  : Years Established: 81  Years Owned:  40  Emp FT:  6  Emp PT:  3  Mgrs:  2
Non Compete :  Miles:  100  Years:  5  Weeks Training:  2  Cost:   $0
Operating dys/hrs :  M-F 9-4
Skills/Licenses :  Residential or General Contactor's License
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Qualify For Visa: N

Data Source Tax Return Tax Return Tax Return  
Year (Cash Flow) 2020 (N) 2019 (N) 2018 (N)  
Gross Revenue 716,596 867,642 1,072,118  
Cost of Goods 551,241 633,215 797,295  
Gross Profit 165,355 234,427 274,823  
Expenses 192,095 211,534 260,213  
Net -26,740 22,893 14,610  
Owner Salary 39,950 42,500 46,553  
Benefits 0 0 0  
Interest Expense 665 1,654 2,144  
Depreciation 0 0 0  
Other 3,098 3,293 3,603  
Owner Benefit 16,973 70,340 66,910  

Accounts Rec 0 N* Real Estate 700,000 Y*
Inventory 21,829 Y* ___________ 0 N*
F F & E 84,962 Y* Total Assets 806,791 Y*
Leasehold 0 N*
*Included?  

Lease/Month: Square Footage: 5000 Building Type: Warehouse
Terms & Options: Expiration Date:

Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  80,000  Mos: 24  Rate: 6.00  Mo Pmt: 3,545.65  
Loan/Other - Amt:  640,000  Mos: 120  Rate: 6.00  Mo Pmt: 7,105.31  

JOHN KADOW Office :  (239) 849-9334  
ASSOCIATE Fax :    
  Home :  (724) 799-4583  
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (724) 799-4583  
999 VANDERBILT BEACH RD. STE 200        
NAPLES, FLORIDA 34108 Email :  [email protected]  
USA Home Page :  sunbeltofflorida.com

 



Listed By: Jason Brooks

Background information

Reference:

51677

Finance

Sales:

$716,596

Profits:

$54,363

Profit type:

Discretionary Earnings

Price and terms

Price:

$800,000

Down payment:

$80,000