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Multi-State Wholesaler of Industrial Machinery, Equipment etc.

United States
$8.9M$650K/EBITDA

Description

Merchant Wholesaler of Industrial Machinery, Equipment & Tool Prod

This business is a wholesaler of industrial machinery, equipment and tools currently operating in multiple states.

BEST REASONS FOR ACQUIRING THIS COMPANY
• Location – the region is experiencing above average growth in business, construction, and manufacturing.
Also, the area is a highly sought-after place to live and work (low taxes/high quality of life).
• The facility is owned by current owners, thereby assuring stability and rent control. The Buyers can also buy the real estate.
• Long terms exclusive manufacturing rep sales contracts
• Great reputation for quality customers service, product expertise and professionalism
• The company leads the market due to staff experience and knowledge combined with strong, long-term relationships with manufactures and customers
• High margin business/limited overhead (people work largely from home in their territories)
• Long history in industry
• Long term, loyal employees with most average years of tenure > 10 years. No employees considered “at risk”. Current owners willing to stay on 3 – 5 years or negotiable. Owners’ experience > 20 years.
• Clean and steady financials
• Hold 50% market share for their major manufacturer
• Established customers make up an impressive 75% of their business
• Multiple revenue streams (Job Shops to Manufacturers including Transportation, Agriculture, Home Appliances, Shipbuilding, Architectural and many more)
• Well positioned to lead the industry in sales with customers wanting to replace old technology with new specific technology

Detail

Updated on September 22, 2020 at 12:35 pm

Property ID:L#2019001
Property Type:Wholesaler
Property Status:For Sale
Asking Price: $8.9M
Gross Revenue:$6.2M
EBITDA:$650K
Real Estate:$350K
Facilities:Details on facilities will be provided in detailed Confidential Information Memorandum. The facility is owned by current owners, thereby assuring stability and rent control. The Buyers can also buy the real estate. The location is central to their territories. The facility is the hub for operations, meetings, and a headquarters. Much of the staff works out of their homes and then travel for sales and service calls.
Competition: • Long terms exclusive manufacturing rep sales contracts • Great reputation for quality customers service, product expertise and professionalism • The company leads the market due to staff experience and knowledge combined with strong, long-term relationships with manufactures and customers • High margin business/limited overhead (people work largely from home in their territories) • Long history in industry • Long term, loyal employees with most average years of tenure > 10 years. No employees considered “at risk”. Current owners willing to stay on 3 – 5 years or negotiable. Owners’ experience > 20 years. • Clean and steady financials • Hold 50% market share for their major manufacturer • Established customers make up an impressive 75% of their business • Multiple revenue streams (Job Shops to Manufacturers including Transportation, Agriculture, Home Appliances, Shipbuilding, Architectural and many more) • Well positioned to lead the industry in sales with customers wanting to replace old technology with new specific technology
Growth & Expansion:Location – the region is experiencing above average growth in business, construction, and manufacturing
Support & Training:The owners will provide extensive training and transition for several years in a step down to retirement plan.
Reason for Selling:Growth calls for support from outside larger ownership investment
Country:United States
State: United States
City: New-york

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