Profitable Distributor of Kitchen and Bathroom Products for Sale.

Charlotte Metro Area, NC (Mecklenburg County)

Profitable Distributor of Kitchen and Bathroom Products for Sale.
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Asking Price: $95,000

Cash Flow: $64,000

Gross Revenue: $442,000

EBITDA: $48,000

FF&E: $35,000

Inventory: $1,440

Established: 1985

Profitable Distributor of Kitchen and Bathroom Products for Sale.

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Business Description

PROFITABLE AND WELL-ESTABLISHED DISTRIBUTOR BUSINESS IN THE CHARLOTTE METRO AREA IS BEING OFFERED FOR SALE BY A MOTIVATED SELLER!!! This versatile, multi-faceted company custom manufactures its specifically-designed products through a recently-executed exclusive arrangement with a top-quality granite and marble manufacturer who has been in business for several decades!! This family business is primarily operated and managed by the wife, and the strategically-aligned business is being offered for sale at this time due to expanding family responsibilities. The company offers wholesale and retail pricing to the building/construction trade and the general public, respectively, and the business has cultivated a diverse mix of quality and name-recognized suppliers. A variety of cultured marble, granite, and quartz products is offered including kitchen and bathroom counter tops, vanity tops, kitchen and bathroom accessories, and custom-built shower and bathtub units, plus much more! Turnkey installations, as desired by retail customers and certain builders, are provided by certified construction/electrical contractors. The company displays it various product mix in a very-nicely decorated showroom of approximately 1,800 SF, and in addition there is a 1,200 SF attached wing in the rear of the building which previously was used for product manufacturing and now serves as warehouse/storage space. This family business had a sales volume of approximately $1.5 million with excellent cash flow before the 2008 real estate debacle and ensuing recession. This strategically-positioned business has resumed its growth and profitability as sales and cash flow increased in the fiscal year ended June 30, 2017. With an asking price of only $95,000, this well-positioned and profitable business is being offered at only 22% of sales volume and a 1.5X multiple of cash flow!! CALL or E-MAIL TODAY while this excellent and versatile business is still available!!!

Detailed Information

Location:
Charlotte Metro Area, NC
Inventory:
Included in asking price
Employees:
I/Cs as needed.
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful stand-alone facility with excellent road-frontage visibility located on a major thoroughfare!! Very nicely-decorated showroom of approximately 1,800 SF with an attached high-ceiling manufacturing and warehouse addition of approximately 1,200 SF, providing a highly-flexible facility of around 3,000 SF. This is a well-known business location whose attractive showroom offers numerous products and custom-design samples. The real estate is available for sale under a separate contract!
Competition:
Normal retail/supplier competition in the general marketplace, but seller's reputation for integrity and high qulity combined with its versatile ability to specifically design and provide "custom" products to its wide-range of customers together help to insulate the company from its competition!
Growth & Expansion:
Excellent growth potential with the capacity to re-enter the manufacturing process if so desired by a new owner as the manufacturing equipment is included in the sale! A marketing oriented new owner with social-media computer skills could possibly expand the business fairly quickly! In addition, any increase in the residential housing industry, particularly new home construction, could significantly propel business growth and thereby probably increase profit margins as well!!
Financing:
Limited seller financing possibly available for a qualified buyer.
Support & Training:
Seller will provide buyer with sufficient "hands-on" training as part of the sale.
Reason for Selling:
Expanding family responsibilities and a desire to "slow down"!
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(from currently available funds)
 
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Buff Moore

Business Listed By:
Buff Moore

CFC, Inc.

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