Rapidly Growing Wholesale Distribution Business

Brevard County, FL

Wholesale Distribution Business
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Asking Price: $4,600,000

Cash Flow: N/A

Gross Revenue: $11,220,971

EBITDA: $928,435

FF&E: $100,000

Inventory: $1,000,000

Real Estate: $650,000

Established: 1971

Rapidly Growing Wholesale Distribution Business

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Business Description

This is a rapidly growing 47 year-old wholesale marine electronics distribution business inclusive of real estate. Products include navigation communications, sonar, safety & security as well as marine entertainment equipment. Clients include boat dealers, boat manufacturers, boatyards, shipyards, etc. Company sells best brands, known for quality, reliability & service. Staff are very experienced which allows the seller to spend significant time away from the business. Growth expected from the new Panama Canal is pushing rapid growth in FL ports. Financials for 2018 are Trailing twelve-months through Sept. 2018.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,800
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is conveniently located in a 5038 square foot steel and stucco industrial building. It was especially built to accommodate this type of business, as it has high ceilings, excellent security, easy access storage and warehouse spaces, ample office space, and it provides for efficient business operations. The large lot features ample parking, large truck access, and the ability to expand the building as sales increases may require. The seller owns the building and it is included in the price.
Competition:
There are only a few other major players in this business sector. This business is well established in one of the key market areas and is also well positioned in other areas of the country.
Growth & Expansion:
There are a number of areas for expansion and growth. The seller has prepared a list of growth opportunities that he can recommend.
Support & Training:
The seller will provide 30 days of training for transition purposes at no additional cost to the buyer.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Louis O. Vescio, CBI, M&AMI

Business Listed By:
Lou Vescio

Coastal Business Intermediaries, Inc.

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