Nationwide Wholesaler of Unique Bathroom Fixtures

Sacramento, CA (Sacramento County)

Nationwide Wholesaler of Unique Bathroom Fixtures

Asking Price:$2,500,000

Cash Flow:$523,992

Gross Revenue:$4,757,565

EBITDA:$423,992

FF&E:$146,918

Inventory:$1,124,308

Real Estate:$1,700,000*

Established:1972

*not included in asking price.

Nationwide Wholesaler of Unique Bathroom Fixtures

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Business Description

The Company is a well established Nationwide Wholesaler of unique bathroom fixtures, tub, and plumbing products. The business concentration is 100% business to business. The Company has been established for over 44 years under the same ownership. The middle management that is capable of running the business, have all been with the company for over 25 years, and the overall average employment is 17 years. The owner is frequently traveling and the managers are completely capable of running the entire operation. The company maintains exclusive control of the faucet and tub molds and brands that are used by the manufacturer and sold into the marketplace. There are many unique qualities that differentiate the business from their competitors and have allowed the company to flourish for many years. The owner is retiring making this opportunity available. The purchase price includes the inventory of approximately $1,124,308 plus the Accounts Receivable of approximately $408,364. The revenue and profits are up significantly for the first 9 months of 2017

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
20,000
Employees:
16 full time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business facility consists of a 20,000 square foot warehouse which includes 3,500 sq ft of office space and a 2,000 square foot workshop. The current lease runs to June of 2018 plus a 5 year option. The business owner also owns the property and it could be included in a sale which would make the process of financing the transaction much easier. The lot is 1 acre.
Competition:
The company competes favorably due to reasonable pricing and terms to facilitate ease of purchase. The company maintains excellent profit margins because of various exclusive lines and brands that they have controlled for many years. There are 4 competitor's of significance.
Growth & Expansion:
The route to growth can be accomplished by expanding the product lines to existing customers, increase inventory, and increase human resources in the field. Currently the Company has a 6 person in-house sales department supplemented by 10 independent sales reps that have been affiliated with the company for over 8 years. The rep network covers 10 major market areas of the U.S.
Financing:
No
Support & Training:
In a sale and transition, the owner would be willing to stay for an extended period of time depending on a buyer's needs.
Reason for Selling:
Retiring

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George Arapage

Business Listed By:
George Arapage

Page Olson Commercial & Business Brokerage

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