Seller Financing Available

Asking Price:

$270,000

Gross Income:

$441,430

Cash Flow:

$122,148

FF&E:

$30,000.00 *

Inventory:

$15,000.00 **

Real Estate:

N/A

Year Established:

1995

Employees:

2ft

Business Types:

Durable Goods
Nondurable Goods

** not included in the asking price

* included in the asking price

Business Description

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.

Detailed Information

Facilities:

Financials assume strategic Buyer will move business into their own facility. Two panel trucks are included in purchase price

Competition:

Select competition in the state

Financing:

N/a

Support/Training:

Seller will provide training for the appropriate amount of time to transition the accounts

Reason Selling:

Seller wants to concentrate on his other non-competing business

Broker Information

Larry Bodner

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