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Quick Facts
Asking Price: | $15,000,000 | |
Annual Revenue: | $27,636,193 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $4,453,628 | |
Total Debt: | Not Disclosed | |
FF&E: | 20,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2005 | |
Employees: | 20 | |
BBN Listing #: | 663635915 | |
Broker Reference #: | 2913R |
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Business Overview:
This branded durable goods distribution business located in Connecticut operates within an assigned territory using an efficient and proven direct sales network. The business provides a nationally recognized premium quality brand to homeowners, builders, and trade entities on an exclusive basis across a two-state territory of approximately 5 million people through a seasoned sales team with strong management and a support team in place. New Ownership must have an operating partner who will be active in the business and maintain 51% or greater control of the operating entity. Additionally, the new owner (or operating partner) must relocate to and reside in the market territory.
*In addition to the price, the sale of this business will include an appropriate earnout.
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Property Features and Assets:
The business operates from a 55,000 square feet facility supporting the management, operations and distribution network of the business. The business also maintains a large showroom located in another metro area.
Market Competition and Expansion:
There is significant growth opportunity since the business actively serves only about 50% of its assigned territory. Additional growth can be achieved through increasing sales representatives in underserved areas as well as through the addition of a showroom in one of the region's largest metropolitan areas. There is also opportunity available to increase sales with new proprietary products offered by the exclusive distribution network.
Reason for Selling:
Retirement
Additional Details:
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