Stable Growth in Californian Sharpening Center! (37746)

Financial & Assets Details

About the Business

Business Description

This listing specializes in Industrial Sharpening, CNC Grinding (80%), Electric Power Tool Repair (15%) and Retail sales (5%) for a variety of businesses surrounding the Bakersfield and Somerset radius. Keeping a reputation as owners of one of the biggest sharpening centers in the Central Valley, they’ve provided quality services to wood/metal workers (80%) and the local community (20%) for over 60 years. This offering includes $350,000 in equipment and varying inventory, averaging around $150,000. With high online ratings and 2021 projections of up to $1.3 Million with $250k profit, Total Revenues for 2020 reached $1,198,980 alongside Seller Discretionary Earnings of $192,099. Holding a renewable tenancy, the vast production facility totals 10,000 square feet and constitutes 9,000 sq. ft. of manufacturing/warehouse area, as well as retailing space and office room of 500 sq. ft. each. Adapting to streamlined operations when needed, an experienced personnel of eight nonunion employees are likely to remain post-sale, as owners smoothly change hands over a standard transitioning period. New plans, angles, and strategy optimizations, paired with increased product lines for industry growth, make the company a good opportunity for growth or add-on. Besides the use of their website, social media, and sites like Yelp, marketing efforts focus on backing the verbal referral sources from their large and rotating client base throughout Central California. There is plenty of room for growth with stronger marketing efforts and added machinery as well, so contact IAG today!

Seller Financing

Negotiable up to 20% for the right buyer.

Support & Training

Standard Owner Transition Period.

Reason for Selling:

Approaching retirement and/or pursuing other interests.