Listing Number: 6842-155969
Description
Established for over two decades, this highly reputable light manufacturing business in Brooklyn specializes in custom solutions for a diverse range of prominent clients. With a strong track record of innovation and craftsmanship, the company designs and produces high-quality, tailor-made products. The business has built a loyal customer base and a stellar industry reputation, making it a trusted name in the sector.
In 2023, the owner made a strategic investment in a new ERP system, streamlining operations, improving efficiency, and increasing profitability. This modernization effort has positioned the company for continued growth while enhancing workflow management, production tracking, and customer service. The owner is now looking to retire, creating a rare opportunity for a new owner to step into a well-run, profitable business with a solid foundation and significant growth potential. Don’t miss the chance to acquire this turnkey operation with a history of success and a bright future ahead.
Purchase Price: $7,000,000
SBA Loan Amount : $4,680,000
EquityInjection: $1,440,000
Seller Note: $1,080,000 on standby for 3 years
Monthly Payment : $62,496
Loan Term (in months): 120
Interest Rate: Wall Street Journal Prime + 2.75%, adjusted on a calendar quarterly basis. If funded today, the effective interest rate would be 10.25%
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Listing Details
- Price: $ 7,000,000
- Down Payment: $1,440,000
- Sellers Discretionary Earnings: $ 1,474,283
- Total Sales: $ 5,796,008
- Location: Kings County, New York
- Inventory: $ 150,000
- FF&E: $ 1,500,000
- Employees: 36
- Year Established: 2001
- Reason for Selling: Retiring
- Category: Manufacturing,Advertising
