Pool and Spa Hose Manufacturer For Sale

Business description

This Phoenix mfg business is a division of a NJ based company that refocused management on their core business which is experiencing exceptional growth. They want to sell it immediately for less than book value before Sept 1, 2008.

Located in a 46,000 sq ft facility, all equipment was purchased new less than 5 years ago for over 3.5mil, Current, liquidation value is 1.1mil.

Inventory (Raw and Finished goods) valued at 500,000.

Revenues were ov er 5mil until managemnt shifted focus, now steady at 1mil with minimal effort.

Owner will sell for 1mil or Best Offer before Sept 1, 2008.

Property information

Real Estate:

Lease

Lease terms:

48,000 sq ft modern facility, 16k/mo NNN until 10/09; with option for additional 5 years.

Location:

Industrial Center in Phoenix AZ

Other information

Expansion potential:

Companies Revenues are 1mil with no sales effort at all. Was 5mil with Mfg Reps. Parent has not focused on this division for 2 years and sales are still steady at 1mil

Competition / Market:

Competition from China.

Support & training:

Training will be provided by owner.

Reasons for selling:

Core business is growing rapidly, management has been refocused. This division is running without any management or leadership.

Trading hours:

8AM til 5PM

Furniture / Fixtures value:

$1,100,000

Inventory / Stock value:

$500,000

Contact the seller