Tool & General Merchandise Importer
Location: Midwest
Industry: Wholesale and Distribution > Wholesale and Distributors
Financials
Asking Price: $1,250,000
Gross Revenue: $2,854,198
Gross Revenue Comments: 2005
Cash Flow: $71,333
Cash Flow Comments: 2005
Inventory: $600,000 (Included in Asking Price)
Real Estate: $850,000 (Included in Asking Price)
Seller Financing: Yes
Business Summary
This well established import, wholesale distributor focuses on multiple lines of durable goods, general merchandise, furniture and a variety of tools. They have a well established clientele of over 100 accounts ranging from dollar plus stores, variety stores, Furniture Stores, Tool and power equipment stores, located in the Michigan and Surrounding States.
Operating out of a 53,000 sq. ft. seller owned warehouse/distribution center. This business has over $3 million in revenue with no one customer accounting for more than 5% of the company’s sales. The company has been in business since 1984 under current ownership. Seller is ready for retirement. With an increase in sales effort (the owner is the only salesperson now) and more trucks, the sky is the limit. The Seller can teach a Buyer how to increase the Net Profit by 3% to 5% an additional $90 to $ 100K in net Profits.
Operating out of a 53,000 sq. ft. seller owned warehouse/distribution center. This business has over $3 million in revenue with no one customer accounting for more than 5% of the company’s sales. The company has been in business since 1984 under current ownership. Seller is ready for retirement. With an increase in sales effort (the owner is the only salesperson now) and more trucks, the sky is the limit. The Seller can teach a Buyer how to increase the Net Profit by 3% to 5% an additional $90 to $ 100K in net Profits.
About the Business
Year Established: 1984
Employees: 8 full time - 1 part time
About the Sale
Management Training and Support: Will train 6 months to one year @ $500 week
Reason For Selling: Retirement
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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