$399,000

Heavy Industrial Tool Services in Los Angeles

California/Los Angeles
Financials
  • Price: $399,000
  • Gross Income: $899,000
  • Cash Flow: $186,000
  • FFE: $100,000
  • Inventory: $175,000
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #toolsla
  • Year Established: 2002
  • Financing:
  • Training: Many key long-term employees provide sufficient and effective support for all key areas of the business. The owner can provide transitional managerial training after the sale of the business.
  • Facilities:
  • Competition:Since the company has positioned itself based on technical expertise servicing advanced customers, the competition is low.
  • Growth: The company expects post covid growth in 2021 and beyond.
  • Employees:

Property Descriptions

This company started in 2002 and incorporated in 2004. It specializes in sales of tools and equipment in the Petrochemical field. Shop tools, power tools, hand tools, safety and industrial supplies for purchase and rental. The company sells and does repairs on air and electric tools, hydraulic and gas-powered tools, pumps, and hoisting equipment. Sales have declined due to owner health issues and Covid impact. Sales were at 1.24MM in 2018, 1.05MM in 2019, and 410K in 2020. This is an incredible turn around opportunity for the right Buyer. Advertised Sales and Cash Flow reflect the average over the last 3 years. The company has a stellar reputation and expects that post covid it will rebound and return to profitability. A new owner will inherit many years of business goodwill and well-established business relationship with customers and vendors. The main motivator for the seller to sell currently is that he is experiencing health issues. The company currently has 3 full-time employees at the warehouse with owner and spouse working. Current employees would be a huge asset to keep, as they are familiar with the current operations of the company and have great relationship with all customers and vendors. Business property is owned personally by the business owner. Real Estate can also be sold separately from the business if a Buyer has interest. Owner oversees all management decisions and supervises employees. Owner’s spouse is the CFO and does all bookkeeping duties, payroll, accounts receivable, accounts payable.

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

Vasilis Georgiou 7700 Irvine Center Drive, Suite 800, California, Irvine
  • E-mail : georgiouv@crossroadsbusiness.com
  • Web : https://crossroadsbusiness.com
  • Phone : 949-753-2825
  • Company : CrossRoads Business Brokers Inc.
  • Listings : 28