Business for Sale Overview:
National Battery Distributor for sale. For the past 8 years this business has been supplying smaller batteries for electronic components, OEM's and government use. The owner is looking to retire. 97% of business is wholesale and 3% is retail. Of the wholesale, 80% is comprised of Guaranteed Government Contracts. Let me explain that means that over the next 3 years the government will definitely buy at least $2.5 million worth of batteries from this business. They are one of the top battery suppliers to the Defense Agency in the country. In 2008 Gross Sales were approximately $1,500,000 with a Net Income of approximately $253,048. Due to the owner's age, he has mostly focused on sales to the government. There is tremendous potential to grow the wholesale accounts for this business with OEM's, other government agencies, retailers, etc. There is only 1 commissioned sales representative that was hired this year. This business needs an energetic, sales oriented, hands on owner with distribution experience. You must be prepared to provide Proof of Funds for at least $575,000 plus $150,000 to cover Inventory, Working Capital, Closing Costs, etc.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Reason for Selling:
owner is retiring
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.