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Locksmith, Hardware, and Discount store Wholesale Distributor

Suffolk County, NY

Locksmith, Hardware, and Discount store Wholesale Distributor
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Asking Price: $387,000

Cash Flow: $139,796

Gross Revenue: $354,065

EBITDA: N/A

FF&E: $25,000

Inventory: $172,000*

Rent: $1,236 /Month

Established: 1991

*not included in asking price.

Locksmith, Hardware, and Discount store Wholesale Distributor

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Business Description

Profitable wholesale business with increasing sales!

This 28-year-old hardware wholesale distributor involves the B2B sale of supplies for a variety of industries including key blanks, key machines, key accessories, locks, hardware, housewares etc. The company has established a large customer list with repeat business throughout Long Island and NYC 5 boroughs. It has been a reputable distributor for many manufactures, some of which have already stopped accepting new distributors.

The well-established business has growth in sales every year. Currently the owner only works 10 months a year, the net profit for the owner last year was $139,796. A commercial van for delivery service is included in the asking price. $172,000 inventory is available for purchase with the deal. It has a 1500 square feet warehouse in Suffolk County for only $1,236 a month, but it is relocatable to anywhere in New York metropolitan area. It’s also possible for an absentee ownership. Excellent acquisition for a buyer looking for a turn-key business or for existing distributors to expand their businesses.

Detailed Information

Location:
Suffolk County, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
There is a lot of potential for new implements that can take the business to the next level. For example, the company hasn’t developed a web presence yet. Opportunities for more growth can be found by developing online sales and by adding more salesperson to call on larger accounts. There definitely could be more sales people in current territory. And it’s not presenting in any big trade shows, which will be a great way to get more clients.
Support & Training:
2 weeks
Reason for Selling:
Expanding rental property business.
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Sherry Wang

Business Listed By:
Sherry Wang

Transworld Business Advisors of Flushing

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