Seller Financing Available
Gross Revenue: $350,000
Industrial Hose,Fittings, Hardware and Supply
I am offering this company for immediate sale: it is a long established full line
industrial supply.The sales focus has been to offer hose: hydraulic, pressure washer,air and agricultural hoses. we sell the correctly sized fittings and connectors for custom hose assemblies. We sell power transmission products: bearings, pulleys, sheaves, and v-belts.In addition we offer, for sale, industrial fasteners, nuts,bolts, and screws, to the local area and do some shipping,in California and the country. The company has a current distribution computer system with 18 years of sales history.In April of 2000, we upgraded and installed a Windows based computer system with over 45,000 part numbers. We also have over 5,000 customers with about 500 regular active customers. We also have over 600 vendors and 18 years of local digital sales history. The computer, which is located in our building, has been up-graded in 2014. With this purchase,and the sales history, with a rejuvenated staff, this new company would start out in this market with an estimated $350,000. or more, in annual gross sales at a 50 to 60% gross profit, which would be $210,000. I am very motivated in transferring the responsible of the business. i have no other successors to run the business after me. The phrase: "time marches on; it waits for no one"; applies to me; I am 64 years old. I would like to become an employee for the new owner, at a salary to be determined, and help with the set-up of this new endeavor. I also want to focus my efforts towards retirement in 4 or 5 years. I want to bring to your attention the real opportunity that exists in this market, for industrial products, and technical application advise. There are no local competitors that can offer the array of products & services that this company offers to the local area. The building, which is leased, is 2,000 sq ft with an attached 9,000 sq ft fenced in storage yard. The yard has four storage containers owned by the company and a programmable digital sign visible to car traffic passing by the building. I am interested in selling as soon as possible. I am willing to be very accommodating. I will consider any and all offers.
Inventory: Included in asking price
Facilities: The 2,000 sq ft building in the front entrance; there are display shelves, and 60 linear feet of 7 ft high steel shelving. In the fastener area, there are 93 linear feet of 8 ft high steel shelving. In the upstairs mezzanine area, there are 60 linear feet of 5 ft tall steel shelving. we have 6 office work stations, plus two assembly work benches. The computer has 5 log-on ports. We have a "static I.P." address for better internet service.We have a Panasonic phone system with 15 extensions
and a Panasonic voice mail system. With a speed dial machine.
Competition: Our building is located at an freeway exit, making for easy access. With our focus on industrial hoses, we are the only game in town. To get a large hydraulic hose made elsewhere, you must drive (one way) 60 miles north or (one way) 50 south through heavy traffic to get to another supplier; that may or may not have what is needed.
Also this Santa Barbara market has the feel of a small town, which makes for good place to work.
Support & Training: I will offer my services ,as needed, to the new owner, either as a contractor or an employee
and show how everything works.
Reason for Selling: I want to work towards retirement.
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