Hollywood Based Manufacturer And Distributor Of Lighting Products For Sale

Business description

The sale price for this company is 2,250,000 for a 50% equity interest. This is a all help run business. The company manufactures and distributes lighting products under their own brand name. All manufacturing is outsourced. The seller who is a leading player in the development of innovative lighting will stay with the company as director of research, development and marketing. The company has enjoyed a sales growth of over 75% per year for the past 2 years.

Gross Sales fiscal year ending March 2009 771,400
Gross Sales fiscal year ending March 2010 1,352,472
Gross Sales fiscal year ending March 2011 1,910,655
Gross Sales fiscal year ending March 2012 2,797,096

The company has made 26% net on gross sales since the inception of the business.
Sale Price 2,250,000 Down payment 1,500,000 Seller financing 750,000.

The final price of the company via a promissory note will be calculated at 5 x EBIDTA for the fiscal year ending March 2012.
Contact David Barry below

Property information

Location:

North Hollywood California

Other information

Support & training:

Owner is staying with company. Buyer will become CEO for the company and manage the day to day operations.

Reasons for selling:

Seller will finance $750,000 in the form of a adjustable promissory note

Trading hours:

M-F 8:00-5:00

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$175,000 (included in the asking price)