Distributor of Fasteners, Cutting Tools & Industrial Products

NC

62244
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Asking Price: N/A

Cash Flow: $493,000

Gross Revenue: $1,500,000

EBITDA: $413,000

FF&E: $50,000

Inventory: $400,000

Established: 1980

Distributor of Fasteners, Cutting Tools & Industrial Products

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Business Description

Available for acquisition is a tool and fastener distributor. The Company works with most commercial construction trades, as well as industrial and government agencies. The primary market and product focus is the commercial glazing industry, which includes fabrication and installation of store fronts, curtain walls, and unitized glazing. It’s product line includes not only fasteners but cutting tools, safety products, access equipment, and specialty tools used in the glazing trades. In 2018, revenues were comprised of fasteners (51% of sales), cutting tools (21%), electrical tools and accessories (7%), and other products (21%). Gross margin targets are based on pricing ranging from 25% to 200% above cost. Customers are commercial glazers (64% of 2018 revenues), general contractors (12%), electric contracts (5%), other trade contractors (14%), and government (5%). The Company has thousands of customers in it’s database and enjoys a rate of repeat business of 95%. The Company serves customers in North Carolina (76% of 2018 revenues) and South Carolina (24%). Founded in 1980, the Company is organized as a Limited Liability Company operating from a 9,1666 square foot facility and warehouse in the Southeast. The Company’s staff totals 5 full-time and 2 part-time employees, including two principals. The Company is well-positioned for growth due to its access to the latest tools and fasteners in the glazing industry, key customer contacts, having a diverse range of customers, and having a good regional reputation.

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Detailed Information

Inventory:
Included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Establish exit strategy for retirement purposes
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(from currently available funds)
 
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EJ Gray

Business Listed By:
EJ Gray, MSF

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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