Commercial Hardware Distributor
Not Disclosed, CA San Diego County
Seller's Contact Information
- RE: Commercial Hardware Distributor
- Contact: Marshall Pollock
Business Overview:
A Commercial Wholesale, full-line fastener distribution business with over 48 years of experience in Southern California servicing a wide range of large, medium, and small manufacturing industries, local municipalities, water works, construction, and MRO shops. Extensive in-stock selection of industrial and commercial hardware and hard to find items. Focusing on customer service, with highly trained technically savvy staff, handling specials, cross-overs, and custom solutions, online, by phone, or through counter sales.
The company offers VMI (Vendor Managed Inventory) services. Partnering with the customer to evaluate their product and quantity needs, building a detailed program, offering resources to help make the right decisions about the products needed, installing necessary shelving/bins and inventory, and accurately replenishing inventory on a regular basis. For the smaller customer, the company offers a CMI (Customer Managed inventory) format. Substantial in-stock inventory allows customers the freedom and flexibility to make even last-minute decisions without having to worry about the possibility of missing important deadlines for any size job, big or small.
The business has 37 employees, which includes 2 managers and 5 supervisors. It operates out multiple locations, with the main office and warehouse being over 17,000 sq ft. Locations all offer counter sales, which accounts for 11% of total revenue at a higher gross margins.
2022 revenue, in excess of $8,000,000, with an SDE of $779,205. The business is offered at $3,100,000 plus inventory. SBA financing available and includes purchase price, inventory and working capital for qualified buyers.
Market Competition and Expansion:
No company does what we are able to do locally. We have no direct competitors unless we move into their areas of expertise: e.g. construction, electronic hardware - although we dabble as secondary suppliers in these areas. The business sets itself apart from competitors by the number of, and relationships we have developed with our vendor suppliers; our ability to source, ability to understand and sell specials, technical knowledge, and outstanding customer service. Potential Growth: Web sales, telemarketing, robust outside sales prospecting, expand counter sales, and most of all - a real sales manager.
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Opportunity Update!
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