Business Overview:
Wholesale distribution business which offers the highest
quality products from the leading manufactures around the
world. The business offers non durable products consisting
of tools, equipment and supplies to a segment of the
construction industry. The company maintains the largest and
most extensive inventory of stone working tools and equipment. This company supplies hundreds of specialized products that are limited available from other retail stores due the specialized demand and high cost of the equipment. This ten year old company is one of the largest distributors of specialized tools and equipment in the tri state area and is well known in the industry for quality professional service. The company has an excellent technical support staff calling on the natural and engineered stone fabrication, maintenance and restoration craftsmen. The company is committed to finding and supplying the most innovative and cost effective tools from the world s most trusted brands. The company supplies prompt deliveries to its customers nationally which represents eighty five percent of its gross sales. Three delivery box trucks, point of sale system, quick books accounting system, phone system, forklift, phone system, etc. The business has private parking as part of the lease agreement.
The business is active 5 days weekly (Monday to Friday) hours 8 am 5 pm. The business has a five year existing lease plus options monthly rent $3,782.53. The business 2010 gross income is $1,750,000 and the seller will evidence a yearly net income of $320,000 and the sale includes equipment and vehicles. The business inventory which consists of approximately $300,000 which is available at wholesale cost.
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 business facility which is in a warehouse setting consists of 3,000 square feet, a large warehouse, two modern offices and an attractive service area. Located in northern New Jersey and services the New Jersey New York Tri State Area and conveniently located near all major highways and shipping sources.
Market Competition and Expansion:
Because of the specialized products offered, no similar competitors exist in the general area of this business and seller will supply a non compete agreement. The business has a limited internet marketing presence which if instituted can substantially improve the business income for national service and delivery.
Reason for Selling:
Seller is retiring out of the industry.
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.