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Listed by:

BTI Group - Farley Gouner

Broker license number: 01271117

S And S Welding Company In San Jose For Sale

San Jose, California - North
Asking Price:
$300,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$759,792 (USD)
Cash Flow:
$323,553 (USD)

S&S San Jose Welding Company +47 Years BTI # 8603
The seller owns the real estate and must vacate the premise in apx. 12 months so a buyer will have to move the assets to a new business location. The site is being developed into residential condos. In an interview with the owner and a commercial R/E broker they felt the business can be conducted in a 5,000 square ft. facility with a 5,000 square ft. yard for staging. Rent for the new space is projected @ 1.50 sq. ft. NNN and is noted on the recast as a positive add back. This is a well established business (+47 years) serving a diverse clientele of public and private companies. They are a union shop specializing in smaller jobs and are well know for a quick turnaround and their expertise in handling a wide variety of materials to weld or fabricate. SBA preapproval 80% loan

Sales: $759,792 Purchase Price: $300,000 Down Payment: $60,000
Cash Flow: $323,553 from Seller’s 1120 Fed Tax Form as of August 31, 2018
Rent: N/A NNN N/A Lease Expires: N/A Employees: FT: 2, PT: 0 Owners: FT: 1, PT: 0
Option Yrs: N/A Bldg Size: (Sq. Ft.) N/A
Reason for Sale: Retirement Hours: Monday - Friday 8:00 / 4:00

Farley Gouner DRE # 01271117

Property Information

Real Estate:

Lease

Lease Terms:

TBD

Lease Rent:
$18 (USD) per sq ft per annum
Location:

San Jose

Premises Details:

N/A Business Will Need to be Moved

Business Operation

Reasons for selling:

Retirement Must Move

Trading hours:

Mon - Friday 8:00 / 4:00

Employees:
2 FT
Years established:
1971

Other Information

Support & training:

2 weeks for 40 hours per week longer if needed

Furniture / Fixtures value:
$100,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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