Distributor: Engineered Products to Utility & Construction Industries

Wake County, NC

The Ultimate Water Works

Asking Price:$3,390,000

Cash Flow:N/A

Gross Revenue:$9,000,000

EBITDA:N/A

FF&E:$288,000

Inventory:$1,826,000

Established:1998

Distributor: Engineered Products to Utility & Construction Industries

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Business Description

Seller is a highly successful distributor of water, sewer, storm drainage & erosion control products to the utility and construction industries; and is interested in selling three of their business operations in the Southeast – primarily for the value of the business assets at those locations.

Company has distribution agreements with major suppliers that are not available to companies entering the market – which present a significant barrier to entry for new competitors. Additionally, the locations have employees, equipment, facilities, inventory, supplies, and vendor & customer relationships of a going concern.

Asking Price - $3,390,000
Tangible Assets Included in Purchase Price: $1.5MM in A/R, $1.8MM in Inventory, and $288K in Fixed Assets.

Detailed Information

Inventory:
Included in asking price
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The three (3) facilities have total of 17,000 sq. ft. of office and warehouse space, with multi- year leases available. Located in rapidly growing areas in the south-Atlantic coast - near major interstate highways.
Competition:
a) Strong Growth Trends underway, with continued excellent growth expected; b) Stable Workforce of trained, experienced, and loyal employees; c) Great Location, with facilities in the midst of rapidly growing areas - adequate to double revenues; d) These locations have been in business since 1998 - customers representing 98.5% of 2013 revenues were customers again in 2014; and e) A respected and recognizable name in the marketplace.
Growth & Expansion:
The economic environment in this market is poised to improve over the next 3-5 years. This improvement will provide opportunities to increase product lines, add diversification to the current product mix, and take advantage of a growing residential housing market - which helps increase gross margins. And, as the overall market conditions improve, margins will naturally gravitate upward.
Support & Training:
Our target buyer is a company already in this industry, that would like to open three locations in Virginia and the Carolina’s. The three locations are basically break-even operations, which need an experienced operator interested in obtaining these locations for the price of their net current assets (Inventory, A/R, less A/P) at cost. It should be far easier and less costly to enter these markets using this approach than starting from “scratch” or acquiring an existing profitable business at market price.
Reason for Selling:
Seller wants to focus within their core geographic territory.

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Tom MacPherson

Business Listed By:
Tom MacPherson

Summit Acquisitions Group, LLC

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