Looking for a capital partner to grow out the business or an outright business sale. Outright sale is preferred. Business is 4 years old and focused on providing 3PL warehousing and distribution customers. Company operates out of 65,000 sq ft space, food grade GMP certified facility with below market lease rates ($0.64/sqft gross). Company has one of customer renting out office area that brings in $5100/month in income. Company has another customer who rents out small production/packing area (fully sectioned and partitioned) that brings in additional $7,000/month in income.
Company gets new leads almost everyday but is operating at 110% capacity since last 9 months. Company has amazing lead generating program and a great online presence. Company / Owners can easily fill up 200,000 sq ft space in very little time with sufficient cash flow to take on new space.
For 100% buyout interest, owners can stay as long as needed to train, and also be passively involved if needed.
Summary / Highlights:
- Warehouse is fully racked with approx 1700 - 2000 pallet position.
- Food and non-food type of customer
- Warehouse is Food Grade GMP certified
- Below market lease rate at $0.64/sqft. 7 year lease remaining
- Favorable location between Long Beach port and Amazon DC in Eastvale & Moreno Valley
- Both type of customers; bulk pallet in/out and e-commerce customers
- Subleased office area AND small 5000 sqft area bringing in additional $12,500 in income.
- Location is very near to Freeway 90 and 15 in Southern California.
- Excellent Lead generating program.
- Sales have grown from $600k (2016), $900k (2017), $1.6M(2018) and projected $2.2M (2019)
- Jan-May 2019 sales crossed $1MM, with Net income of $390,000. This is just for first six months in 2019.
- Currently generating $30k - $50k/month
- Many opportunities to grow.