Value-Added Distributor of Electric Heaters, Sensors & Controls

MN

Seller Financing Available
Value-Added Distributor of Electric Heaters, Sensors & Controls

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$1,650,000

EBITDA:N/A

FF&E:$335,000

Inventory:$169,000

Established:1978

Value-Added Distributor of Electric Heaters, Sensors & Controls

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Business Description

The Company is a value added distributor of electric heaters, sensors, and controls for industrial MRO (maintenance, repair, and overhaul) and OEM (original equipment manufacturer) applications. Additionally, it also engages in the design and manufacture of proprietary products, customer-specific engineered systems, and built-to-order hoses. The Company is headquartered in Minnesota and comprises 8,100 square feet of office, manufacturing/lab, and warehouse space.
The Company primarily serves MROs (40% of 2015 revenue) and OEMs (30%) as well as resellers (8%), machine builders (8%), and other customer markets (14%). In the most recent year, it served 1,027 unique customers in the US and Canada.

Detailed Information

Inventory:
Included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company is headquartered in Minnesota. Its facility comprises 8,100 square feet of office, manufacturing/lab, and warehouse space. It is leased from a third party under a lease expiring in 2019.
Competition:
(A) Diversified Customer Base: The top five customers in 2015 collectively generated only 10.3% of total revenue. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. (B) The Company has obtained a patent for a proprietary product that manufactured in-house. (C) The Company also has several trademarks for products it has produced for resell. (D) International Reach: The Company serves customers across the US and Canada.
Growth & Expansion:
(A) Capture more heating applications in the off-road diesel equipment market (B) Improve offerings of sensor and control products (C) Develop ISO 9000 compliant Quality Management System
Support & Training:
The principal owner is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling:
Retirement Planning

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Bryan Gooden

Business Listed By:
Bryan Gooden

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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