Growing Absentee NO Inventory Distribution Business

FL

Growing Absentee NO Inventory Distribution Business
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Asking Price: N/A

Cash Flow: $1,350,000

Gross Revenue: $10,000,000

EBITDA: $1,350,000

FF&E: $50,000

Inventory: N/A

Rent: $2,400 /Month

Established: 1900

Growing Absentee NO Inventory Distribution Business

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Business Description

Dist. company with 0 inventory & sales into 34 States and counting

World-class distribution company. Started in 1994, this company is mostly run absentee. The Owner comes in on Wednesdays to check in. The Company has excelled in diversifying its customer base to over 500 clients. In 2018, the top 10 customers represented 32.10% of total revenue. In 2017, the top 10 represented 32.60% of total revenue. The majority of these customers are repeat customers and have been with the company for many years.

Having an outstanding reputation of quality and customer service, the company has shown consistency and growth. The company has produced growth in sales from $7.2 million in 2015 to $9.4 million in 2018. The company is pacing to do almost $11 million in 2019. Looking ahead, management is confident that steady and consistent growth will continue to be achieved. The company carries no inventory, rather, it has become depended on by hundreds of nurseries located in Florida. Customers nationwide and Florida plant nurseries are both dependent on the subject company, as it has become the large driving force for it's product which comes out of Florida. However, the vast majority of revenue is from states other than Florida.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The location is office space currently in a 5-year lease which will expire August of 2019. The monthly rent is $2401. The office space is owned by an unrelated party and leased at the prevailing market rate. The landlord is favorable to renewal if desired. This 1,500 square foot office is part of a commercial office center that is professionally managed and has ample parking.
Competition:
There is limited competition, this is a niche field with much less competition than that of other industries.
Growth & Expansion:
Growth and success have been and will continue to be driven by the company’s outstanding reputation for providing high quality plants along with a strong desire to provide first-rate customer satisfaction. Nonetheless, the need for a well-conceived sales and marketing plan will be integral to take the company to the next level. This is an area that can be further capitalized upon in order to more effectively leverage the company's superior name and proven capabilities. Currently, the majority of the marketing takes place via SEO.
Financing:
Options will be discussed with well qualified buyers.
Support & Training:
Whatever is needed to ensure continuity and success.
Reason for Selling:
Other business interests
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Business Listed By:
Ben

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