Profitable Well-Est Turnkey Plumbing Supplies & Hardware
Profitable, Well-established Plumbing Supplies & Hardware
Ventura County, CA
This Profitable, Well Established, Turnkey Plumbing Supplies and Hardware Company, with show room and warehouse, was established in 1972 as "ACE Hardware.” In 2004, they separated from the franchise and became an independent company.
After 42 years in business at the same location, it is well known in the area and has a great reputation for customer service, as well as for hard-to-find/hard-to-ship plumbing and hardware products, for remodeling and new construction expertise.
Consistently profitable, well run, family owned, with loyal, long term employees (7) in place, their 2013 gross revenue was in excess of $1.1 MM. The net cash flow is $103K after ALL business related expenses. They have clean books and records, including tax returns.
Conveniently located in an industrial area near the 101 & 126 FWYS, their 6,500 SQ FT location consists of retail/showroom/office/warehouse space and has very attractive lease terms in place. The rent is only $5,500 including NNN. Current lease is good till 11/30/15, with one option of 3 more years till 11/30 2018.
With a good mix of retail and plumbing companies as clients, this business opportunity is a great fit for a Buyer with a plumber's license since service and repairs can become a great revenue source of additional income to the new owner. Currently, all customers’ requests for repairs and services are referred to out of the company.
Their $90K, at cost, of saleable inventory, consists of hard-to-find items, as well as FF&E of $10K, are included in the asking price.
Seller will train for a period of time, to ensure a successful transition.
Potential Buyers must have a good credit.
Signed NDA & Proof of funds required.
For more information, please contact Alexander Neyman at (213) 706-7166 or email him at firstname.lastname@example.org