Absentee Owner, Profitable Industrial Packaging

Not Disclosed, TX
Harris County

Asking Price: Annual Revenue:
$3,600,000 $9,612,882

Wholesale/Distribution: Durable Goods

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RE: Absentee Owner, Profitable Industrial Packaging Broker: Lenny Saizan

Quick Facts

Asking Price: $3,600,000
Annual Revenue: $9,612,882
Net Profit: Not Disclosed
Cash Flow: $1,144,674
Total Debt: Not Disclosed
FF&E: $554,512
Real Estate: Not Disclosed
Year Established: 1994
Employees: 10
BBN Listing #: 60114955
Broker Reference #: 6209-17415

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Business Overview:

Murphy Business is excited to present an opportunity to own a profitable long-running packaging and shipping supplies company. Established in 1994 and owned by the current owner since 2011, the business is a leading supplier of high quality packaging products, equipment, and systems worldwide. Its clients include local shipping companies to large international companies in industries such as shipping and transportation, manufacturing, and warehousing. The business is known for excellent customer service.

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Property Features and Assets:

The business rents approximately 17,480 square feet of office space and warehouse in an industrial park. There are 6 years remaining on the current lease. The business has been in the same location since 2009. Assets = $1,271,212

Market Competition and Expansion:

The business primarily offers packaging and shipping supplies. Products made of steel and polyester make up over 20% of sales; therefore, the industry the company is primarily associated with is Industrial Supplies Wholesaling. The industry concentration is low, due to the fact that wholesaling services are more competitive when located in proximity to downstream markets. Therefore, most operations are localized. To increase market share, a large operator would have to spread its distribution plants across the country, limiting the benefit from economies of scale. The four largest companies in the industry account for 10.5% of industry revenue. Genuine Parts, the largest operator in the industry, accounts for only 4.3% of industry revenue. Beyond the handful of large players, the industry consists of medium and small-scale operators servicing localized markets and generating a minuscule portion of industry revenue. Over the past decade, industry concentration has increased slightly due to a combination of exits by smaller players and consolidation through mergers and acquisitions by larger players. Still, the nature of wholesaling operations has kept the industry relatively fragmented and minimally concentrated. The business' products and services are driven by shipping demand across industries, which is correlated to the global economy. The outlook on the Freight Packing and Logistic industry is a good indicator. Demand growth for the Freight Packing and Logistics Services industry is expected to accelerate over the five years to 2027. Expansion in industry revenue will likely be characterized by broader recovery in the domestic economy following the COVID-19 (coronavirus) pandemic. A resurgence in consumer spending levels and trade activity will likely bolster freight volumes, which will generate demand for freight packing and logistics services. IBISWorld, a leading industry research organization, estimates the freight transportation services index, which measures the annual output of the United States transportation sector, will increase 1.6% over the five years to 2027. As a result, industry revenue is forecast to increase at an annualized rate of 3.5% to $6.3 billion during the same period. The business is positioned and capable of capturing growth in the industry without increasing overhead, human resources, or equipment. The existing infrastructure can support a 100% increase in sales.

Reason for Selling:

Owner is now ready to transition into retirement.

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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