Durable Goods Wholesale/Retail - Construction & Agriculture Products

Elkhart County, IN

Durable Goods Wholesale/Retail - Construction & Agriculture Products
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Asking Price: Get Financing: $649,000

Cash Flow: $143,000

Gross Revenue: $970,000

EBITDA: N/A

FF&E: $20,000

Inventory: $250,000*

Real Estate: $350,000

Established: 2000

*not included in asking price.

Durable Goods Wholesale/Retail - Construction & Agriculture Products

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Business Description

Specialized product distributor providing much needed products for most every construction, excavation, and agricultural contractor. Price competitive. Better product selection, availability and support than big box stores.

Price includes Real Estate assessed by county at $350,000; mostly likely valued higher. 4,000 square foot warehouse for indoor storage plus plenty of outdoor storage. 400 square foot office area. All buildings are in excellent condition.

Approx $250,000 in inventory is owned and will be sold at cost. Additional inventory is consigned by the manufacturer.

Business does $1 million in revenue with no real marketing in place -- no advertising, no website, no social media, no telemarketing, etc. This is a huge opportunity to further increase revenue by calling other contractors. May also be able to increase pricing slightly without issue. They have built a good client base strictly based on longevity and word of mouth. Product, pricing, and customer service has won them the reputation they have today all across northern Indiana and southern Michigan.

Buyer will need $100,000 - $180,000 down payment and a >700 credit score to secure an SBA loan. Business qualifies for an SBA loan.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,400
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,400 square foot steel building, concrete floor throughout. 400 square foot office area. 4,000 square foot warehouse area. 13 acres of land with outdoor storage. Fenced area for security.
Competition:
The business leads in pricing. Overhead is very limited so they keep their prices low. Could probably increase pricing with no ill effect. Not a lot of local competition. Contractors have driven many miles to come to this business.
Growth & Expansion:
A new owner can easily create and implement a marketing program to reach out to construction, excavation, and agricultural contractors that they are not reaching now. They have plenty of outdoor area to expand or carry additional products. Sales growth is available to the right owner.
Support & Training:
Employees are willing to stay. Manager can be retained for training.
Reason for Selling:
Retirement
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Scott Lands

Business Listed By:
Scott Lands

Indiana Equity Brokers

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Sponsoring Broker:
Troy Frank

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