Asking Price: $1,380,000

Gross Revenue: $1,358,713

Cash Flow: $366,568

Cash Flow Comments: Sellers Discretionary Earnings

Inventory: $45,000 (Included in Asking Price)

FF&E: $155,000 (Included in Asking Price)

Seller Financing: BizAdvocates.com will assist a qualified buyer with Third Party SBA financing (which would include a line of (credit) working capital) with 15-35% as a down payment. Unsecured seller financing is not encouraged except as part of a formalized Structured Sale which meets current IRS guidelines and/or as a SBA lender may require to meet training/transition requirements.

This 17 year-old established company manufactures a unique product line (3000+ different units) that is a desired accessory by hobbyists in a mature but expanding industry embraced by ‘boomers’. The company’s owners are well-funded, successful inventors. This product is marketed nationally and internationally through distributors and retailers. The company also does private label manufacturing for many large internationally known companies. This is neither an offer to sell nor a solicitation to sell securities.

A non-disclosure agreement and other financial qualification must be received prior to the disclosure of the business location or other pertinent information about this business.

Year Established: 1991

Employees: 7 full time -

Facilities: The facility is ideal for the manufacture of the specialty items produced with plenty of room for growth in the future. Real property is not included in the sale; however, the current owners are willing to negotiate an acceptable lease based on the expense guidelines of the third party appraisal procured by the owners prior to the sale of the business.

Market Outlook and Competition: There is little to no direct competition for an exact product match. The competitive products in a similar category are up to 200 percent more costly and provide far less functionality and thus are less desirable. An aggressive two-person outside sales team could increase sales appreciably when used in conjunction with a more vigorous magazine advertising program utilizing hobby specific publications.

Management Training and Support: The owners will provide four weeks of training for the new entering party. In addition, they will be available for consultations during a transition period. The owners will sign a non-compete document.

Reason For Selling: The owners wish to retire.