Location
Contact Person
Michael Cole
Phone
818-999-9621
Annual Revenue
$ 512,300
Price
$ 259,000
Cashflow
N/A
Category
Wholesale/Distribution
Year Established
1989
Employees
2
Huge growth opportunity for a new buyer to come into a highly respected, 25-year old established and profitable national tool & hardware wholesale distribution business with upside. This business specializes in distributing a wide range of products including reciprocating saw blades, band saws blades, self-feed bits, Phillips insert bits, step drill bits, measuring tape, levels, screwdrivers, magnetic tools, and many other items. This business has hundreds of active, national accounts in place and approximately 55 commission based sales reps across the country. Their customer base includes supply houses for the electrical, plumbing and HVAC industries as well as a number of tool houses. This company outsources all of their manufacturing from various partners either locally or oversees and are currently holding about $160,000 +/- of salable inventory.
Located in a prime distribution area in the San Fernando Valley close to major freeways in a 2,600 square feet warehouse/office space. The business can easily be relocated. Seller financing may be provided for a qualified buyer. Seller will provide training for this straight forward and fairly easy business to operate as part of the purchase price. The company has 2 full-time employees who handle the majority of the day to day operations. One of the owners lives out of the area and the other owner works at the business. They are both looking to retire after many years in this business.
As an added note, one of the existing customers has begun ordering various products where this business will put the customer’s name or brand on the products (private label). This existing customer anticipates their volume of orders will increase substantially in the near future as they implement these products over several hundred store locations nationwide. This business will of course benefit with higher gross revenue. This business has also recently begun doing business with a new customer who the owner has cultivated over the last several years. The seller cannot guarantee but does anticipate the overall gross revenue to increase. The seller will discuss this further during a site visit and the buyer should analyze this information accordingly. This is just a few examples of where the reputation and name has earned this business the right to service and obtain new accounts. A new buyer can leverage this even further. Revenue has begun to increase year after year for the last 4 years and the seller anticipates this trend to continue due to the new accounts and the improvement in the economy. Purchase price includes all furniture, fixtures, equipment and inventory of approximately $160K.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact Michael Cole at info@certifiedbizbroker.com or (818) 999-9621 to receive a confidentiality agreement and learn more about this opportunity to purchase a national tool and hardware wholesale distribution business with upside.
Market Conditions & Competition
Seller to discuss market conditions and competition with qualified buyer.
Several growth opportunities in place plus other options that the seller will discuss.
Financial Summary
N/A
Training & Support
Seller will provide training at no cost to a qualified buyer.
Reason for Selling
Sellers are preparing for retirement.