Business For Sale

Distributor of Machining Equipment and Supplies

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
Not Disclosed $2,170,000

Wholesale/Distribution: Durable Goods


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RE: Distributor of Machining Equipment and Supplies Broker: Gary S. Leonardi

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,170,000
Net Profit: $261,000
Cash Flow: $261,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 303249983
Broker Reference #: S-1264-GL

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Business Overview:

The business distributes machinery and tooling for machine shops, metal fabricators, municipalities, utilities and universities.

The company has a showroom and warehouse at a single location in northern New Jersey where a diverse inventory of machinery and tooling is maintained to ensure that customer requirements are fulfilled in a timely manner.

A steady revenue stream flows from repeat orders and referred business from vendor partners. Approximately 70% of revenue is generated from a repeat customer base. Client base consists of long term and loyal customers.

There is opportunity for a company in the same or related field to expand into the region and gain an extensive loyal customer base. Expenses are well managed, and operations are in a relatively low overhead category.

The Principal seeks to retire and transition the business to a new owner with growth and expansion plans. The Principal is willing to stay on through a transitional period to ensure a seamless transaction. The business is open five days a week promoting a high quality of life with balance and rewards.

The financial performance has been consistent and steady with revenue ranging between $2.2M and $2.4M annually, during the most recent 5 years. The company generated Total Owner Cash Flow ranging between $380,000 and $450,000 in recent years. Management anticipates 2018 performance to exceed 2017.

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Property Features and Assets:

The Company operates out of a 3,600 square foot two story facility consisting of an office, showroom and warehouse. The warehouse is approximately 2,800 square feet. The real estate is owned by the principal and his wife and leased to the Company at fair market rates. An acquirer would be offered similar lease terms. The facility has ample parking to accommodate both staff and customers.

Market Competition and Expansion:

The Company is preferred distributor for most of the equipment provided. Customers located in the area that contact the manufacturers directly are referred to the the Company as a preferred distributor. There is no comparable competition in the area.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • 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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