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Interior And Exterior Light And Accessory Manufacturing For Sale

Burbank, California - South, US
Asking Price:
$900,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,325,949 (USD)
Cash Flow:
$650,244 (USD)

This light and accessory manufacturer has been established for nearly 30 years. They manufacture exquisite interior, exterior and custom light fixtures – a market segment with high barriers to entry and are listed with the Underwriters Laboratories and is certified for the Canadian sale and distribution. All of their fixtures are hand forged and finished and are LED compatible. Due to their designs, ability to customize products, prompt execution and timely delivery the firm has become a favorite with interior designers, architects, hotels and real estate developers.

All of the enterprise’s furniture, fixtures, equipment, goodwill and permitting are included in the sale. $450,000 in inventory will be sold at cost at close in addition to the purchase price.

Property Information

Real Estate:

Lease

Size in square feet:
7,000

Business Operation

Expansion Potential:

Building upon nearly 3 decades of goodwill and customer satisfaction, as well as a formidable product offering and incredible production ability, new management may take this opportunity in any number of directions readily available to it.

Competition / Market:

While the industry does have a fair amount of competition, high barriers to entry coupled with the years it takes to establish credibility, build a reputation and develop a loyal client following discourages new competition.

Reasons for selling:

Personal

Employees:
10
Years established:
1991

Other Information

Support & training:

4 Weeks at 20 hrs/wk

Furniture / Fixtures value:
$33,013 (USD) - included in the asking price
Inventory / Stock value:
$450,000 (USD)

Contact The Veld Group

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