Tool & Hardware Equipment Wholesaler with Brand Name Clients

Greater Toronto Area, ON (Relocatable)

Tool & Hardware Equipment Wholesaler with Brand Name Clients
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Asking Price: $649,000

Cash Flow: $223,000

Gross Revenue: $1,977,000

EBITDA: $153,000

FF&E: N/A

Inventory: N/A

Established: 1991

Tool & Hardware Equipment Wholesaler with Brand Name Clients

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Business Description

This is an established wholesaler of personal protective equipment, tools and shelving systems with over 25 years of experience in the industry. As an intermediary, the business procures protective equipment from manufacturers and sells it to safety houses and electrical distributors across Canada. The business has durable long-term relationships with a large network of international vendors. The business also has a strong footprint across North America with branded clients like Lowe’s, Home Depot, Home Hardware and Menards.

Careful procurement and vendor selection, has allowed the business to manage its inventory effectively and deliver high quality products promptly to customers. The business also has an EDI system directly connected to its clients, and vendor numbers with the most established hardware retailers in North America. The business has exclusive agreements with most of its suppliers and acts as the only authorized distributor for them in Canada. Due to the kind of customers the business deals with, the business does not have any receivables collection or bad debt issues.

The company has demonstrated an overall top line growth and consistently maintained a gross margin of approximately 40% over the last five years. With its strong operating model and industry expertise, the business is well positioned for future growth. According to IBISWorld, the hardware, tools and equipment wholesale industry revenue is expected to grow at an annualized rate of 1.4% over the five years to 2023. This growth is primarily attributable to a recovery in the non-residential construction and higher government spending on infrastructure.

This opportunity is ideal for a private buyer looking to acquire a business with a diversified product offering and blue-chip clients, or a strategic purchaser seeking to diversify and expand its product line and client base.

Transaction Information:

Asking Price: $649,000
Revenue (2018): $1,977,000
Normalized EBITDA (2018): $153,000
Normalized Seller’s Earnings (2018): $223,000
Employees: 4

Detailed Information

Employees:
4
Support & Training:
Will be provided as required
Reason for Selling:
Retirement
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Beacon Brokerage

Business Listed By:
Mohor Hatalkar

Beacon Corporation, Brokerage

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