Custom Metal Lighting Fabrication Business For Sale

Business description

Niche manufacturing of custom lighting and fabrication of furniture.All designs are original and the company fabricates from scratch to the finished products.Hence, the company had unique capabilities in the industry.The products include chandeliers, sconces,and interior and exterior lighting for electric or gas.The company has a full service design and manufacturing facility with the capability to handle small and large projects.The products are high end and can be found in luxury hotels and homes areound the world.Business has declined the last few years largely due to the economy.The buyer will need to relocated the business to a smaller facility that is more efficient and cost effective.This is a turn around situation and the company will generate significant profits by paying a much lower rent (i.e. smaller space of approximately 20,000 sq. ft.) and then increase marketing activities.Owners are ready to retire but are willing to assist the buyer for a reasonable period to facilitate a smooth transition.The company's reputation is extremely high and they have products in show rooms around the country.This is a unique opportunity for a company with additional manufacturing pace to grow their business by adding on a business like this.

Property information

Real Estate:

Lease

Premises details:

81000 sq ft, $N/A

Other information

Reasons for selling:

Retirement

Financing available:

Downpayment Required: $1,400,000
Monthly Payroll: $60,000

Furniture / Fixtures value:

$1,600,000 (included in the asking price)

Inventory / Stock value:

$1,500,000 (included in the asking price)