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Warehouse / Inventory Management

Will County, IL

Seller Financing Available
Warehouse / Inventory Management
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Asking Price: $6,500,000

Cash Flow: $2,072,823

Gross Revenue: $5,393,400

EBITDA: $2,220,866

FF&E: $1,500,000

Inventory: N/A

Real Estate: $6,000,000*

Established: 1900

*not included in asking price.

Warehouse / Inventory Management

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Business Description

The “Company” is a provider of warehouse storage / inventory management / rework / distribution / short haul delivery / and also rents ~15,000 sq. ft. to 1 tenant in the 220,000 sq. ft. building. The Company has retained Keely Business Services as its advisor to evaluate buyer offers and assist with structuring the sale of the Company.

The Company is second generation privately held and the owner has thirty years experience with the Company. Unusual for this industry and certainly a benefit to any buyer, 50% of the employees have been with the Company for more than 7 years and the Operations Manager will soon be celebrating his thirteenth anniversary. The owner is willing to transition the company for up to two years as confidence builds with three of the primary clients who have partnered with the Company for over 30 years. The current owner purchased the business from his father in 2003 and quickly grew the business by adding services as a dedicated distribution center for a major grocery store chain and a very large food packaging provider. To focus on the warehousing and distribution clients the relocation portion of the business was sold in 2011 and the trucking assets in 2012. Profits surged as operating overhead was cut and the business now averages a stunning 38% net margin on steadily growing revenue.

The real estate has been determined clean by a recent Phase 1 study and will be sold along with the business at fair market value of ~ $5.6 MM. The eighteen acre site allows up to 500,000 square feet for additional roofed space. Portions of the yard are leased to smaller trucking companies for equipment storage and ready access.

The Seller is offering 50% or more financing to mitigate the high customer concentration.

Detailed Information

Location:
Will County, IL
Real Estate:
Owned
Not included in asking price
Building SF:
225,000
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
225,000 sq.ft. 8 dock - 18 acres total - 13 acres open - metal roof
Growth & Expansion:
Building is now at 95% capacity - expansion is needed to grow revenue
Financing:
50% Business Only
Support & Training:
Up to 2 years
Reason for Selling:
Retirement
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Rex Slagel

Business Listed By:
Rex Slagel

Keely Business Services

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