Wire & Cable Distributor

New York, NY (New York County)

Seller Financing Available
Wire & Cable Distributor
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $11,000,000

EBITDA: $1,300,000

FF&E: N/A

Inventory: N/A

Rent: $3,000 /Month

Established: 2009

Wire & Cable Distributor

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Business Description

Project Wired:
Wired has rapidly grown into a formidable force in the wire and cable space and is recognized as one of the most reliable and fast-acting online distributors supported by recurring revenue from a loyal customer base

Since 2009, Wired has established itself as a leader in the wire and cable market
Sells over 60,000 wire and cable products and can source virtually any wire or cable product requested by clients

Known for the ability to source hard to find wire and cable at competitive rates under a short time frame via its vast network of +80 suppliers

Wired caters to the OEM (50% of sales) and contractor (15% of sales) end markets

5 employees including the owner supported by 23 contractors
Current owner revived the operation in 2009 by creating an online presence and ramping sales from $80K to $11.0MM in 2018

Strong revenue characteristics, diversified sales, and loyal customer base
85% of sales generated from existing customers or direct website traffic
No single customer comprising more than 10% of sales

Wired generated $11.0 million and $1.3 million of FY2018 sales and adjusted EBITDA, respectively, supported by growing wallet share within the existing customer base and servicing a greater number of new customers

Wired is forecasting 2019 to be in line with 2018 results

Wired is seeking a financial buyer to facilitate a majority buyout as the current owner looks for support in growing the business along with the desire to diversify his personal holdings

Attached Documents


Detailed Information

Location:
New York, NY
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
5
Reason for Selling:
Diversify personal holdings
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Chad Byers

Business Listed By:
Chad Byers

Symmetrical Advisory, Inc

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