Branded Plumbing Fixture Manufacturer and Distributor

Austin, TX (Travis County)

Branded Plumbing Fixture Manufacturer and Distributor

Asking Price:$3,800,000

Cash Flow:$641,000

Gross Revenue:$3,015,000

EBITDA:$641,000

FF&E:$100,000

Inventory:$800,000

Rate/Sq. Ft.:N/A

Established:2009

Branded Plumbing Fixture Manufacturer and Distributor

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Business Description

Rapidly growing manufacturer of branded plumbing fixtures

This company manufactures and distributes branded, high-quality plumbing fixtures and fittings, including stainless steel sinks and faucets, manufactured in China. The demand for the product continues to grow, as the lean, outsourced manufacturing model allows a gross profit margin of 54%. The business is extremely scaleable, as the Company ships products all over the continental U.S. from one location. The market for plumbing products, fixtures, and fitings was over $15 billion in 2014, and continues to grow at 5% annually. Adding an outside sales presence is a significant growth opportunity.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
16,000
Lease Expiration:
3/31/2017
Employees:
10 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company is located in a 16,000 sq ft warehouse/office facility, which is adequate for current and future needs. The facility is leased from an unrelated third party, with leases at current market rates. The warehouse is well organized for an efficient operation, and equipment is suitable for the operation. Manufacturing is outsourced to factories in China and Spain.
Competition:
The market for plumbing fixtures and fittings was in excess of $10 billion in 2015. While there are several large companies, there are also many smaller companies that market their products through various channels. This company has established their branded sinks and faucets with a reputation for excellent quality and design, growing almost 30% in current distribution channels. There are significant opportunities for additional sales and marketing efforts for a new owner. Sales are growing in multiple channels, resulting in dramatically increasing profits, with a gross margin averaging 54%.
Growth & Expansion:
The company is currently growing at 30% year over year without any outside sales presence. A significant opportunity exists to grow revenue through expanding the distribution channels, and building new relationships with an outside sales presence. The overall market is growing in excess of 5% annually. The business is extremely scaleable, as the market for branded sinks and faucets is large. Additional products could be added to the product line to increase sales.
Financing:
Seller does not anticipate financing, but will discuss with a qualified purchaser
Support & Training:
Seller to provide 30 days transition and no charge, and additional consulting to be negotiated
Reason for Selling:
Seller has other investments, and family needs

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Lawrence (Larry) Schumann, M&AMI, CBI

Business Listed By:
Lawrence (Larry) Schumann, M&AMI, CBI

Corporate Investment

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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 M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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