Business For Sale. Manufacturing - Wholesale - Retail Furniture

EARN 24;100,000 ON 24;65,000 COST AS ABSENTEE OWNER 26; SUPERVISE FROM THE BEACH 96; ONE BLOCK AWAY21;Fully integrated 96; manufacturing (through sub-contractors), wholesale, and retail 96; iron works, decorative wood work furniture (rustic, painted frames) 26; art (one vendor is renowned Baja California artist). Busy retail during 6 month 93;Summer Season94;: April through September. More emphasis on wholesale business during 93;Winter Season94;: October through March. Prime Tourist Area in Rosarito Beach, Mexico.EMPLOYEESOwner92;s family 96; nieces 26; nephews (plus manager); requires minimum of 2 96; one for the financial side - handling money 26; books; the second for selling.FINANCINGThis is an all cash deal at the 24;65,000 firm price. Seller will also sell the 1,722 SF building for 24;212,000. This portion of the property will be leased by Seller for 5 years at 24;800/month, plus a 5 year option at a10%; increase. The Seller92;s Discretionary Earnings (SDE) is 24;140,400. On the 24;65,000 price, the price to SDE ratio would be 0.46X.ABSENTEE OWNERSHIP OPPORTUNITYSeller may have an experienced operator, who ran a larger business in the same area, who would run the business for 50%; of the cash flow. The operator projects income of 24;200,0002B;. This could give a 24;100,000 return (for the 50%; share) on the 24;65,000 investment for an absentee owner. This would be a price to SDE ratio of 0.65 on an absentee owner basis 96; subject to Buyer92;s approval of the joint venture manager 96; who would at all times be an at will employee of the Buyer.SEASONALITYMonthly sales 24;55-65K Summer 96; more retail; 24;35-45K Winter 96; more wholesale.For more information, please contact Joe Gertz at (858) 945-5700.