Wholesale Distribution

This 27-year old independent wholesale distributor of industrial rubber hose, couplings, conveyor belting, expansion joints, sheet rubber, and other rubber products, conveniently adjacent to an interstate highway, is for sale for the first time in its long, successful history. Loyal, long-time customers have been cultivated in industries such as construction, manufacturing, mining, wastewater treatment, recycling, and in federal, state, county, and municipal government. The current active client list consists of 200 + customers. About 40 - 50% of sales are drop-shipped, while some orders require fabrication (cutting hose to size and attaching couplings). Gross sales average $750,000 per year, gross margin averages 38% +/-, with a net to owner at 10% +/-. This is a very well-run business by an MBA selling founder and owner, who only works on-site three days a week. Many blanket purchase agreements are in place, and a large portion of business is transacted over the internet, including receipt of purchase orders, wire transfer payment, as well as credit cards payment. Accounting is farmed out so all financial statements are timely and accurate. Asking price is $299,00, plus inventory of $80,00 +/-.
This business has been pre-approved by an SBA bank lender for a package deal of approximately $379.000 with a cash injection from a qualified buyer of $129,000.
For further information on this profitable distribution company, an executed non-disclosure agreement will need to be on file available from this web site or by emailing the listing agent (JohnLIrvine@cs.com) before calling please.

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