Wholesale Plumbing & Heating Supply

Morristown, NJ (Morris County)

Wholesale Plumbing & Heating Supply

Asking Price:N/A

Cash Flow:$750,000

Gross Revenue:$9,400,000

EBITDA:$750,000

FF&E:N/A

Inventory:$7,000,000

Established:25

Wholesale Plumbing & Heating Supply

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Business Description

WHOLESALE PLUMBING & HEATING SUPPLY

Established for more than 75 years this leading wholesale plumbing & heating supplier enjoys an excellent reputation as an industrial supplier of high quality, competitively priced plumbing & heating supplies with on time deliveries. The company provides its customers with one stop shopping for a wide range of products including water meters, fire protection equipment, and water work supplies along with a complete line of plumbing and heating supplies. The company's plumbing & heating products are sold directly to plumbing contractors, home builders, general contractors and water main contractors. Revenues are generated primarily as a result of repeat business with approximately 400 active accounts in any one year. There is no customer concentration. The business employs a stable and knowledgeable staff consisting of a General Manager, three full time Sales Reps, a Dispatcher, a Bookkeeper, plus five Delivery staff, and three Warehouse crew. The company occupies two separately owned warehouse facilities - A modern 30,000 SF warehouse along with a second 5000 SF warehouse. Flexible lease terms are available. Semi absentee owners wish to retire and are available for a transition as required.

Detailed Information

Inventory:
Included in asking price
Employees:
13
Facilities:
Established for more than 75 years this leading wholesale plumbing & heating supplier enjoys an excellent reputation as an industrial supplier of high quality, competitively priced plumbing & heating supplies with on time deliveries. The company provides its customers with one stop shopping for a wide range of products including water meters, fire protection equipment, and water work supplies along with a complete line of plumbing and heating supplies. The company's plumbing & heating products are sold directly to plumbing contractors, home builders, general contractors and water main contractors. Revenues are generated primarily as a result of repeat business with approximately 400 active accounts in any one year. There is no customer concentration. The business employs a stable and knowledgeable staff consisting of a General Manager, three full time Sales Reps, a Dispatcher, a Bookkeeper, plus five Delivery staff, and three Warehouse crew. The company occupies two separately owned warehouse facilities - A modern 30,000 SF warehouse along with a second 5000 SF warehouse. Flexible lease terms are available. Semi absentee owners wish to retire and are available for a transition as required.
Financing:
Possibly.
Reason for Selling:
Retirement

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Frederick B. Collins

Business Listed By:
Frederick B. Collins

Fidcol Corporate Services Inc.

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