Manufacturing Fire Sprinkler Installation And Service For Sale

Business description

The company designs, manufactures, installs, services and maintains Fire Sprinkler Systems. They have been in business for over 10 years. Their business is primarily referrals. Their employees are long term and very knowledgeable. They handle a job from idea to completion and service it after completion. A license is needed which can be obtained in about six months. One employee has the needed license and the seller, who is also licensed, will stay on for up to two years making his license available. The company does all its own fabrication. It has an engineering department, service department and installation department. They handle all systems. They act as consultants to municipalities, major retail chains, major drug store chains, hospitals, the veteran’s administration, contractors and architects. There are 10 to 20 employees. Their hours are 7:30 to 5:00 Monday to Friday. There is a 4,000 Sq. Ft. building on one acre of land. Rent would be $2,000 a month if the buyer did not purchase the real estate which is available. The reason for the sale is retirement. The asking price for the business is $600,000 which includes $100,000 FMV of equipment and $80,000 of inventory at cost. The Real Estate is available for an additional $250,000 which would add $24,000 to the 2010 est. Discretionary Cash Flow of $231,443 by eliminating the rent.

Property information

Real Estate:

Lease

Lease terms:

Five years with two Five year options

Leasehold rent:

$24,000 per annum

Leasehold rent:

$7 per sq ft per annum

Location:

Prime Location

Premises details:

4,000 Sq Ft Building on 1 Acre

Size in square feet:

See above

Business Operation

Expansion potential:

Very good

Competition / Market:

Not a problem

Reasons for selling:

Retirement

Trading hours:

Monday to Friday 7:30 Am to 5:00 Pm

Employees:

20

Years established:

12 Years

Other information

Support & training:

For up to two years

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$80,000 (included in the asking price)