Business Overview

Leading wholesaler of high-grade fasteners and industrial | construction specialty parts. Serving SW Florida’s manufacturers, contractors, repair shops, metal fabrication, and others for over 20 years. This company has earned a reputation for providing extraordinary service, fair pricing and an ever-changing line of products to meet their customer’s needs. Strong staff is in place. This company differentiates itself by carrying a broad inventory and providing immediate delivery or pickup availability from their warehouse. Scalability potential is significant! Substantial growth potential by adding an on-line ordering system, web site and updated POS system. Owner is looking for energetic acquirer to lead the company into the next phase of Growth.

Financial

  • Asking Price: $450,000
  • Cash Flow: $246,344
  • Gross Revenue: $1,946,501
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $250,000
  • Inventory Included: N/A
  • Established: 2002

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 Weeks

Purpose For Selling:

Retirement

Additional Info

The business was founded in 2002, making the business 20 years old.
The sale won't include inventory valued at $250,000*, which ins't included in the listing price.

The company has 5 employees and is situated in a building with estimated square footage of N/A sq ft.
The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 entirely different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of various other factors. This is why it is extremely important that you not count totally on a vendor's word, yet instead, use the vendor's answer in conjunction with your overall due diligence. This will repaint a much more reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover things such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too thin. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in brand-new consumers? Most times, operating businesses have repeat customers, which create the core of their day-to-day profits. Specific elements such as new competitors sprouting up around the area, roadway building and construction, and also personnel turnover can impact repeat consumers as well as adversely affect future profits. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the higher the chance to build a returning consumer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Just how might the regional average household income effect future income prospects?