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BtoB Welding Company +47 Years for sale in San Jose, CA

San Jose, California (CA)

Asking Price: Gross: Cash Flow:
$ 450,000 $ 767,560 $ 309,000

Furniture and Fixtures Value:
$ 100,000 (included in the asking price)

Inventory Value:
$ 10,000 (included in the asking price)

Business Summary:
BTI # 8603 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. Sales: $767,560 Purchase Price: $450,000 Down Payment: $90,000 Cash Flow: $309,000 Annualized For 7 months ending Mar 2018 from Sellerís P&L 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

 

   
Year Business was Established: 1971
   
Number of Employees: 2 FT  
   
Facilities / Terms of Lease: Needs to be moved  
   
Owner willing to train: 2 weeks for 40 hours per week  
   
Reason for selling: Retirement  
   
Seller Reference Number: 8603
BusinessMart.com Listing Number: 227991
 

 

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