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Wholesale Hardware Disributor

Muskegon, MI (Muskegon County)

Wholesale Hardware Disributor
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Asking Price: $800,000

Cash Flow: $280,000

Gross Revenue: $5,200,000

EBITDA: N/A

FF&E: $50,000

Inventory: $800,000

Real Estate: N/A

Established: 1952

Wholesale Hardware Disributor

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Business Description

The business sells to hardware retailers, property managers, and contractors Products include lawn and garden supplies , all types of fasteners. tools, plumbing supplies, paint and other types of products for home repair,construction and commercial buildings. Too many products to list in this space. Customers are located primarily in Michigan. The company also has an additional website specializing in fasteners .

Detailed Information

Location:
Muskegon, MI
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
35,000
Employees:
24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owners have ran business from this location for many years. They will be happy to lease to a new owner of the business for approximately the cost of taxes and insurance. Extremely generous terms due to the building being located in a brown belt designated area.
Competition:
Most of the customers of the company are independently owned retailers . Customers also include commercial building managers and real estate management companies. Although much of the retail business in hardware has been growing for the big box stores there still remains a significant number of smaller retailers particularly in rural settings.
Growth & Expansion:
It is believed that a better job of working the internet with the two web sites they own would result in sales improvement. Also increases sales personnel and growth of geographic area they serve can also be growth possibilities.
Support & Training:
There are 4 related owners all engaged at the company. 2 of them would prefer to stay on for a significant period of time and 2 would like to leave. All would stay on as required by buyer to insure smooth transition.
Reason for Selling:
Retirement
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Jack Snyder

Business Listed By:
Jack Snyder

Snyder Partners inc

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