#2326 Glass Water Pipes Wholesale Manufacturing
Riverside County, CA 92508
2,558 Sq Ft
- "Turn-Key" Business
- Owner Will Train!
- Seller Financing Offered to Qualified Buyer
- Total Inside Square Footage: 2,558
- Total Outside Square Footage: n/a
- Base Rent: 1,879.50
- CAM / NNN Fees: $25 per month for HVAC maintenance contract
- Total Monthly Rent: 1,879.50
- Term of Lease: Lease expires May 31, 2016
- # of Full Time Employees: 6
- # of Part Time Employees: 3
- How Many Days Open Per Week: 5
- Hours of Operation: varies
- Inside Seating: n/a
- Outside Seating: n/a
- Year Business was Established: 1987
- Year Business was Purchased:
- # of Parking Spaces: ample
- Liquor License Type(s): n/a
Your Biz Brokers presents this wholesale manufacturer that has made a name for itself throughout California for selling high quality products at affordable prices since 1987.
Their pipes are hand-made through a “glass on glass” process where glass tubes, clear or colored, are heated and fused together using Pyrex and other High quality materials.
This company dedicated to bringing its customers maximum value and a wide array of smoking products they have ever seen. They control every aspect of the production from raw Pyrex to the finished product delivered to the distributor.
With a successful 28 year track record, this company has been very profitable. The BEST news is that the “sky is the limit” on expanding the profits! Add a website for customers to be able to order direct, add an expanded sales force to the Inland Empire and expand production.
After 28 years the owners are retiring. They are willing to stay on and train the new owner until you are comfortable to handle the business on your own!
2011 adjusted net of $82,044.00
2012 adjusted net of $67,057.00
2013 adjusted net of $62,000.00
2014 adjusted net of $97,975.00
(4 years average) $77,367.00 Business valuated at 3.0 times the adjusted net.
Business valued at $232,100.00, asking price is only $211,100.00 plus materials and finished inventory (Equipment valued at over $70,000.00 and is included in this price)
Raw materials + $12,000.00
Finished Inventory +$15,000.00 Valued $15k to $20k (This number fluctuates with sales & new products produced)
28 year Customer list: This is extremely difficult to put a value on yet is a very large part of the business value. This easily increases the value of the business substantially, yet is included in the asking price!
Call Rodger NOW at 909-709-1010 for more information!