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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.
Sales: $767,560 Purchase Price: $300,000 Down Payment: $60,000
Cash Flow: $309,000 Annualized For 7 months ending Mar 2018 from Seller’s P&L
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
N/A Business Will Need to be Moved
Retirement Must Move
Mon - Friday 8:00 / 4:00
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