Los Angeles Area Manufacturer with Property
Location: California, United States
Category: Manufacturing
Type: Established
Asking Price: $2,349,000
Cash Flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: $1,295,000
Inventory: $100,000 - Included in the Asking Price
FF&E $100,000 - Included in the Asking Price
Real Estate: Not Disclosed
This large M1-1 Zoned South Los Angeles area manufacturing business is for sale with the 32,200 square foot facility included. This business specializes in the light manufacturing of outdoor furniture products, but the practice may be applied to a number of comparable products outside of this industry. Housed on a large 31,000 square foot lot, the possibilities are endless for this wide-open warehouse with over $100,000 worth of sewing, storage, and manufacturing, equipment, and $100,000 of inventory. In addition, the buyers need not purchase the business, as the price is based on the Real Estate valued at $75.00 per square foot, under market rates for the area. Please note: this property is subject to eminant domain, in which case a buyer would recieve fair market value from Los Angeles Unified School District, and the ability to do a 1033 Exchange, or the equivalent of a 3 year 1031 exchange!
Facilities:
Included in the sale is a spacious 32,200 square foot manufacturing warehouse with plenty of street parking, storage, large open workspaces, a packaging center, and 2,100 square feet of offices on two floors (including an owner/manager s apartment ). In addition to the property, furniture, fixtures and equipment are included in the sale including sewing machines, shelving units, a delivery van, security doors, storage racks, and inventory.
Financing:
Owner May Consider
Support:
2 Weeks at 30 Hours/Week
Competition:
Competition for this particular business is considered low.
Growth:
Several areas of opportunity exist for growth. New owners may seek to expand manufacturing business to include clothing, textiles, and indoor furniture. Other options include merging with an existing manufacturer and/or acquisition by a larger firm, or co-manufacturing complimentary added-value products within the existing facility.
Reason Selling: Personal
Number of Employees: 21
Year Established: 1995
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