Manufacturer of Garden & Pet Tools

Los Angeles County, CA (Relocatable)

Manufacturer of Garden & Pet Tools
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Asking Price: $1

Cash Flow: $1

Gross Revenue: $6,283,700

EBITDA: $1

FF&E: $0

Inventory: $4,219,106

Real Estate: N/A

Established: 1945

Manufacturer of Garden & Pet Tools

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Business Description

Since 1945 this firm has been known for their high quality, extensive line of rakes. In more recent years
they have added a full line of garden hand tools and pet scoops.

The brand is well known, available nationally and sold through a network of independent sales representatives. Their products will be found at big box retailers as well as hardware, lawn & garden and pet stores. Additionally, the pet scoops are private labeled for a couple of the nation’s largest pet retailers.

This business is currently operating at a loss and therefore 3rd party financing is unlikely, as is seller financing.

A buyer may acquire the lawn and garden tool line or the pet product line individually, or both. This business will be of greatest interest to either a turnaround firm or a strategic buyer. That is, a firm seeking to expand their geographic presence, enhance a complementary product line, grow revenue through integration with a strong sales/marketing organization or achieve economies of scale through a broader integration.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
66,000
Employees:
30
Facilities:
Operates in an approximately 66,000sf facility in southern California, which includes office, warehouse and manufacturing operations. The building is owned by the Seller – providing a buyer with the options of a long-term lease, relocation or potentially a purchase of the facility.
Support & Training:
Seller will provide transitional training
Reason for Selling:
Retirement
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Richard Schammel

Business Listed By:
Richard M. Schammel

Venture Advisors Business Sales & Acquisitions

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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