Business for Sale Overview:
National Business Search is representing for sale, on an exclusive fee paid basis, a profitable and growing commercial door and hardware distributor founded 12 years ago. 2008 sales are forecast to be $6.1MM, an increase of 30% over 2007 sales of $4.7MM. Restated earnings in 2007 were $337,000, and are forecast to increase to $500,000. The top 10 customers constitute 35% of sales. The Company is forecasting continued increases in sales and profits for the next 5 years. The Company concentrates on interior and exterior doors and related hardware. Its focus is excellence in customer service. The Company has approximately 17 employees, and an experienced management team in place. The full management team would like to remain and be a part of the Company's future. The Company has financial statements and excellent business systems in place. The Company is being offered for sale because the owners would like to gain liquidity and at the same time secure the resources to enable the Company to realize its full potential.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The Company is located in a growing city in the Mid South of the USA, in an economically diverse region that has largely escaped the effects of the current and past economic downturns.Should a buyer require or have need for their services, the owners would be willing to stay on with the Company after the sale for a period of 3 years full time, and then in a reduced capacity after that time.
Reason for Selling:
To gain liquidity and plan for eventual retirement
Additional Details:
- The property is leased.
- The owner is 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.
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