Owner Financing is Available!
Business Overview:
This is a growing Industrial OEM distribution business with current orders already over $900,000. Cash flow of $622,000 for 2012 is based on the first 4 months of the year and assumes one owner stays with a salary of $85K. Owners worry that they may have difficulty funding an increased rate of orders. The business is a distributor of OEM industrial products for many top brands. The company services several states in the Southeast U.S. with protected territory status from the manufacturers. The company also offers an experienced and top-notch repair facility for the industrial equipment that they sell and distribute. It provides disassembly with documentation, machining, welding, and large repair. The repair facility utilizes a clean room for optimal quality control. Typical customers are large public companies. Most business is from current customers because of lack of growth capital to increase the sales force and develop a marketing plan. The company is able to offer customers multiple solutions for their Industrial Equipment OEM needs regarding new products, replacement products, repairs, specifications of future needs, etc…This business has been SBA Pre-Qualified for a buyer with 25% down payment and the sellers holding a 10% note provided that the buyer also has assets to collateralize for the bank.
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 facility is a 7,200 Sq. Ft. metal warehouse with two overhead cranes, four roll-up doors, 4 offices and a kitchen area. The facility is located less than five miles from two major Interstates. The facility was built in 2008 and has a clean room and a welding and fabrication area. The current owner estimates that a new owner can increase the business by 50% without having to expand the facility.
Market Competition and Expansion:
The business already has orders for 2012 that exceed $900,000. The owner believes that the company will grow at least 15-20% in 2012 and much more once capital expenditures begin to increase with major corporations. The company has a new maintenance contract and a new exclusive territory for distribution.
Reason for Selling:
Owners lack sufficient working capital.
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.
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