Distributor (Industrial Equipment)-RE & Inventory Incl

Suffolk County, NY

Warehouse Image

Asking Price:$3,260,000

Cash Flow:$500,000

Gross Revenue:$4,265,000

EBITDA:N/A

FF&E:$200,000

Inventory:$1,000,000

Real Estate:$1,800,000

Established:1977

Distributor (Industrial Equipment)-RE & Inventory Incl

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Business Description

Profitable /Growing Internet Sales! Seller May Consider Business Sale W/O RE.

This firm has been a leading distributor of more than 300 lines of name brand equipment for the construction industry for nearly 40 years. Among their clientele are woodworkers, contractors, plumbers, electricians, municipalities, state agencies and schools, & hospitals. Ownership estimates that 90% of customers are industrial users and 10% is retail, off the street trade. Over the past several years they have expanded their internet presence, increasing their customer base.

In addition to their primary product lines, the business stocks a full line of accessories and most commonly used parts for everything they sell. Their sales staff is factory trained and recognized as knowledgeable in the industry. Their volume purchasing along with long standing relationship with manufacturers, allows them to offer the lowest possible discount price.

The warehouse is jam packed with about $1,000,000 of inventory, carrying name brands and products for every need of their customers.

The company has been increasing its internet activities and sales have grown 20% over the past three years.

The owner has assembled an excellent, experienced staff that is expected to remain with the business after the sale.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is operated from a building with approximately 16,000 + square feet of usable space, with adequate parking in front and rear (24 spaces) of the building and a full loading dock to receive merchandise. The building (RE) and approximately $1MM of inventory is included in the sale price. While it is the seller's preference to divest of all assets (including Real Estate), he will consider selling just the business and inventory, leasing the building (with an option) to buy. If this option is preferred, we will discuss structuring a deal that will work for both the buyer and the seller. Obviously, the lease rate and terms of the offer will have a direct correlation to the sales price; e.g., the lower the rent, the higher the business price. Please call to discuss if this option is attractive to you.
Competition:
Business is recognized as major supplier in local community, with large inventory and excellent internet presence.
Growth & Expansion:
This business is poised for greater growth, showing a sales increase of about 20% over the past two years, with an increasing internet presence. The business is presently realizing about 25% of their sales from the internet, with significant growth possibilities. The footprint has been established and a buyer should be able to build on this base. The seller is not heavily computer oriented and relies on an excellent in-house IT staff.
Financing:
Pre Approved for SBA financing of $2.2MM.
Support & Training:
Seller will remain for a period of time (to be negotiated) to transition the business.
Reason for Selling:
Ownership has health issues and is motivated.

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Angelo A. Ferrara

Business Listed By:
Angelo A. Ferrara

Rapt Enterprises Inc.

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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. 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.

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