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Business For Sale
UNION-DESIGNATED DISTRIBUTOR- LIGHT/ELECTRICAL
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Wholesale/Distribution: Durable Goods
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Year Established:
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2004 |
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# of Employees:
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8 |
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Yearly Revenues:
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$3,340,000 |
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Yearly EBITDA:
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$148,000 |
Business for Sale Overview:
The March Group, LLC currently represents a well-established, value-added lighting distributor possessing deep connections within its NY market. Supplies a complete range of interior and exterior commercial and residential lighting, featuring everything from roadway lighting to crystal chandeliers. Holds a transferable designation as signatory to one of the strongest electrical unions in the NY Tri-State area. A significant portion of the Company’s contracts require it to manage the entire lighting project, from start to finish. Other value-added services giving the Company a competitive edge include design and value engineering. Exhibits strong historical sales growth, with an increase from $2.08 million in 2005 to $3.34 million in 2007 representing a CAGR of 26%. As of June 2008, with the fiscal year approaching the halfway mark, sales have already surpassed $3.1 million, supporting 2008 sales projections of more than $4 million. Backlog of approximately $2.6 million further supports growth levels projected over the next several years. The bulk of sales derive from commercial projects, either from general contractors - which represent a growing portion of the Company’s business - or from projects for real estate developers and electrical contractors. WBE certification does provide a boost but, at 10% in sales, the Company is by no means dependent on the classification. Maintains excellent relationships with its flourishing client base and 500-plus network of manufacturers. Given its exceptional connections and union designation, the Company could generate immediate sales growth through the pursuit of new government contracts.
Market Competition and Expansion:
The Company’s strong customer relationships and enviable reputation in the marketplace present exciting platforms to increase market share. Modest business development efforts, pursuit of untapped markets, and geographic expansion clearly present exciting areas to pursue immediate growth through more aggressive management and the injection of capital and human resources. Management is confident that the Company is well positioned to leverage its well-earned reputation and proven capabilities to continue the recent historical trend and pursue growth beyond current projections.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for 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.
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