General Business Information
Listing ID:
4110-00377
Listing Type:
Exclusive Right of Sale
Price:
$2,600,000
Down Payment:
$426,000
Category:
Manufacturing
Subcategory:
Mfg-Metal Products
County:
Orange
State/Prov:
Florida
Country:
United States
Sales:
$3,017,704
SDE:
$617,627
Description of Business
This is an excellent family owned and operated business in Central Florida. The 27+ year-old metal fabrication, machining, and laser-cutting company has a solid reputation for precision, reliability, and innovation and has thrived since its inception.
The primary company operates out of their owned 10,000sf industrial warehouse in Orange County. The building (which was designed and built by the owner of the company) is included in the sale and has a strong recent appraisal. A subsidiary of this company was established 15 years ago to subsidize their laser-cutting needs. This company specializes in laser-cutting metal parts and operates out of an additional 7,300sf of leased space located just 3 miles away for the primary business.
While both businesses operate independently, there are significant synergies that exist including revenue generation, lead time, buying power, and a shared knowledge base. Together, the companies have 11 full-time employees with a wealth of experience. Customer satisfaction and quality have led them to build strong relationships with top-rated ISO certified companies.
The owner is looking to retire to spend more time with his family. He would consider staying on for an extended period of time, but would like to cut back his working hours. The business keeps very clean financials, and Y23 sales are up significantly (numbers are annualized based on 9 months of financial statements).
Listing Details
Organization Type:
Sub-S Corporation
Hours of Operation:
8:00am - 4:30pm, Monday- Friday
Years Established:
27
Years Owned:
27
Employees FT:
11
Managers:
2
Amount of Hours Owner Works:
40
Is Relocatable:
No
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
No
May Qualify for a Visa:
Yes
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other $11
TOTAL OWNER BENEFIT
2023
$3,017,704
$2,001,914
$1,015,790
$543,163
$472,627
$130,000
$15,000
$0
$0
$0
$617,627
2022
$2,004,626
$1,406,712
$597,914
$573,674
$24,240
$191,535
$15,000
$0
$12,264
$77
$243,116
2021
$1,673,586
$1,281,681
$391,905
$391,905
$452,382
$60,477
$188,474
$15,000
$0
$77
$154,900
Assets Included in Sale
Other:
$11
Real Estate:
$1,700,000 Included
Leasehold Improvements:
$650,000 Not Included
Accounts Receivable:
$140,000 Not Included
FF+E:
$1,350,000 Included
Inventory:
$6,300 Included
Total Assets Included:
$3,056,300
Lease Information
Square Footage:
17500
Terms and Options:
Negotiable
Building Type:
Warehouse
Summary
Reason for Sale:
Discuss with the seller.
Training and Support:
Two weeks acclimation period at no extra cost to buyer.
Non Compete:
Five miles for 3 years.
Owner Qualifications:
Business management plus occupational license.
Financing Summary:
Down payment $426k | Working Capital $150K | Closing Costs $89,900 | 25 year term | Interest Rate 11.25% | Monthly Payment $24,097
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00377
Listing Type: Exclusive Right of Sale
Price: $2,600,000
Down Payment: $426,000
Category: Manufacturing
Subcategory: Mfg-Metal Products
County: Orange
State/Prov: Florida
Country: United States
Sales: $3,017,704
SDE: $617,627
Description of Business
This is an excellent family owned and operated business in Central Florida. The 27+ year-old metal fabrication, machining, and laser-cutting company has a solid reputation for precision, reliability, and innovation and has thrived since its inception.
The primary company operates out of their owned 10,000sf industrial warehouse in Orange County. The building (which was designed and built by the owner of the company) is included in the sale and has a strong recent appraisal. A subsidiary of this company was established 15 years ago to subsidize their laser-cutting needs. This company specializes in laser-cutting metal parts and operates out of an additional 7,300sf of leased space located just 3 miles away for the primary business.
While both businesses operate independently, there are significant synergies that exist including revenue generation, lead time, buying power, and a shared knowledge base. Together, the companies have 11 full-time employees with a wealth of experience. Customer satisfaction and quality have led them to build strong relationships with top-rated ISO certified companies.
The owner is looking to retire to spend more time with his family. He would consider staying on for an extended period of time, but would like to cut back his working hours. The business keeps very clean financials, and Y23 sales are up significantly (numbers are annualized based on 9 months of financial statements).
Listing Details
Organization Type: Sub-S Corporation
Hours of Operation: 8:00am - 4:30pm, Monday- Friday
Years Established: 27
Years Owned: 27
Employees FT: 11
Managers: 2
Amount of Hours Owner Works: 40
Is Relocatable: No
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: No
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2023
GROSS SALES: $3,017,704
– Costs of Goods Sold: $2,001,914
= Gross Profit: $1,015,790
– Total Expenses: $543,163
= Net Before Taxes: $472,627
ADD BACKS
+ Owner(s) Salary: $130,000
+ Benefits: $15,000
+ Interest Expense: $0
+ Depreciation: $0
+ Other $11: $0
TOTAL OWNER BENEFIT: $617,627
INCOME PERIOD, Year: 2022
GROSS SALES: $2,004,626
– Costs of Goods Sold: $1,406,712
= Gross Profit: $597,914
– Total Expenses: $573,674
= Net Before Taxes: $24,240
ADD BACKS
+ Owner(s) Salary: $191,535
+ Benefits: $15,000
+ Interest Expense: $0
+ Depreciation: $12,264
+ Other $11: $77
TOTAL OWNER BENEFIT: $243,116
INCOME PERIOD, Year: 2021
GROSS SALES: $1,673,586
– Costs of Goods Sold: $1,281,681
= Gross Profit: $391,905
– Total Expenses: $391,905
= Net Before Taxes: $452,382
ADD BACKS
+ Owner(s) Salary: $60,477
+ Benefits: $188,474
+ Interest Expense: $15,000
+ Depreciation: $0
+ Other $11: $77
TOTAL OWNER BENEFIT: $154,900
Assets Included in Sale
Inventory: $6,300 Included
FF+E: $1,350,000 Included
Accounts Receivable: $140,000 Not Included
Leasehold Improvements: $650,000 Not Included
Real Estate: $1,700,000 Included
Other: $11
Total Assets Included: $3,056,300
Lease Information
Square Footage: 17500
Terms and Options: Negotiable
Building Type: Warehouse
Summary
Reason for Sale: Discuss with the seller.
Training and Support: Two weeks acclimation period at no extra cost to buyer.
Non Compete: Five miles for 3 years.
Owner Qualifications: Business management plus occupational license.
Financing Summary: Down payment $426k | Working Capital $150K | Closing Costs $89,900 | 25 year term | Interest Rate 11.25% | Monthly Payment $24,097
LISTING BROKER