Locksmith, Hardware, & Disc. store Wholesale Dist.

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$329,000 $354,065

Wholesale/Distribution: Durable Goods

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RE: Locksmith, Hardware, & Disc. store Wholesale Dist. Broker: Sherry M. Wang

Quick Facts

Asking Price: $329,000
Annual Revenue: $354,065
Net Profit: Not Disclosed
Cash Flow: $139,796
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 590152376
Broker Reference #: 86471-448185

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Business Overview:

This 28-year-old hardware wholesale distributor involves the B2B sale of supplies for a variety of industries including key blanks, key machines, key accessories, locks, hardware, housewares etc. The company has established a large customer list with repeat business throughout Long Island and NYC 5 boroughs. It has been a reputable distributor for many manufactures, some of which have already stopped accepting new distributors.

The well-established business has growth in sales every year. Currently the owner only works 10 months a year, the net profit for the owner last year was $139,796. A commercial van for delivery service is included in the asking price. $172,000 inventory is available for purchase with the deal. It has a 1500 square feet warehouse in Suffolk County for only $1,236 a month, but it is relocatable to anywhere in New York metropolitan area. It’s also possible for an absentee ownership. Excellent acquisition for a buyer looking for a turn-key business or for existing distributors to expand their businesses.

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Market Competition and Expansion:

The company hasn’t developed a web presence yet. Opportunities for growth can be found by developing online sales and by adding more salesperson to call on larger accounts.

Reason for Selling:

Other business interests.

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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