37365-Wholesale Electrical Supplies and Services

TX

Seller Financing Available
37365-Wholesale Electrical Supplies and Services
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Asking Price: Get Financing: $1,400,000

Cash Flow: $82,000

Gross Revenue: $2,600,000

EBITDA: N/A

FF&E: $200,000

Inventory: $1,000,000

Real Estate: N/A

Established: 1936

37365-Wholesale Electrical Supplies and Services

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Business Description

Operating from its headquarters in Northwest Texas, the Company has a second location an hour south of headquarters. This business is a specialty trade contractor and full-service, wholesale, electrical supply distributor providing high quality name brand electrical materials, supplies and parts. Revenues currently derived as follows: 55% of the Company’s product are sold to electrical contractors for remodel and new construction projects. 30% produced from products (lights, switches, fuses, breakers, ballast, etc.) sold for maintenance, repairs, and upgrades to institutions like city and government offices, schools, hospitals, and large private companies, and OEMs. 10% of the Company’s products are sold to general contractors and 5% of the Company's products are sold to retail individuals for small commercial property and residential repairs. Offering these products requires trained and knowledgeable personnel.

Established over 80 years ago, the Company services the entire northern part of Texas from Lubbock up through the Texas Panhandle. The Company has a proven track record, with a loyal customer base. With its broad range of products, the Company’s marketing efforts focus on targeting construction companies, colleges, public schools, hospitals, and government agencies in an 80-mile radius of their two locations. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones. This owner operated business is managed in a hands-on fashion giving the owner full control over the quality of products and the customer service provided. Contact us for more information on this listing with an growing net profit!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company has two Texas locations, the first location is about 18,000 sq. ft. with storefront and customer service, eight offices, a warehouse and a basement. Next door to this facility is an additional warehouse with 10,400 square feet. The second location is over 8,000 sq. ft. with an office, a warehouse, and a basement. They both have ample parking for customers and employees. The real estate can be owned with option at additional cost.
Competition:
90% repeat clientele.
Financing:
Negotiable up to: 10.00 %
Support & Training:
The key employees will most likely stay on after the sale while the owner will be available for a reasonable transitioning.
Reason for Selling:
Approaching retirement.
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IAG Buyer Division

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IAG

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