Seller Financing Available
PeA well established auto cleaning products distributor which is a great fit for a strategic buyer looking to expand through acquisition. Financial adjustments to 2011 P&L assume business is absorbed into the existing operating structure of an existing company.
The business offers a wide assortment of products ie. Soaps, waxes, brushes, mats, air fresheners etc. covering all the needs of automotive care. Owner also does some light manufacturing (mixing chemicals & water) of all purpose cleaners to improve margins.
Supplier base is focused on five or six important vendors to maintain key account status. In addition, the business has a distribution exclusive on their high end product with the manufacturer. Account base is spread through Northern/Central New Jersey and New York City. Purchase price includes all the accounts, computer system, warehouse equipment and two panel trucks valued at $25,000.
Seller is spending full time operating a non competing business and is motivated to sell the distributorship due to conflicts with his on-site managing partner.
Business can be purchased for $280,000. The owner will provide support for an appropriated period of time to insure a smooth transition. Separately, the property is for sale for $600,000 and the owner is willing to offer an option to buy with the sale of the business.
For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
Financials assume strategic Buyer will move business into their own facility. Two panel trucks are included in purchase price
Select competition in the state
Seller will provide training for the appropriate amount of time to transition the accounts
Seller wants to concentrate on his other non-competing business
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