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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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EB 5 Visa Textile Wholesaler - Huge Client Base

Location  California,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $1500000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Transition team is in place. 2 sons of principal seller are involved and shall remain as hired personnel at the discretion of the buyer for a long period of time.
Reason for Sale  Retirement.
Description  Perfect acquisition opportunity in Riverside County, (READ: it is not within the Riverside city limits), due to the confidential nature of this sale. Ideal acquisition scenario for a manufacturer that seeks EB-5 Visa status for their family to acquire an existing family-owned and operated business while acquiring real property at the same time. Business can be purchased and relocated if desired, at a stand-alone target purchase price of $1,750,000. Business has been established and seasoned for decades, in the glory years grossed $6 million plus. Customer base consists of interior designers, upholstery shops, drapery shops, mom and pop shops, hotels and hospitality industry direct in some cases. Primarily active on the West coast and Mexico, this operation could be expanded nation wide to broaden the customer base and increase revenues. Projections for EB-5 purchasers provided by the Seller predicts 25 million in revenue within 3 years of acquisition of this business and real estate combo. offering. NDA is required for exact location and to secure due diligence package from the Broker. Facilities: Operates out of 1/3 of a 47,500 square foot solid concrete building with high ceilings and roll-up portion of the building owned by the Seller. Competition/Market Pros and Cons: The economy put a dent in the business, so sales are down from their hey-day, however, the decades-long track record of the company speaks for itself. Growth and Expansion Pros and Cons: Ideal acquisition for manufacturer so it would cut out the middle man and keep the gross profits for the supplier of the goods. Support/Training: Transition team is in place. 2 sons of principal Seller are involved and shall remain as hired personnel at the discretion of the Buyer for a long period of time. Reasons for Selling: Retirement.
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