Industrial Products Distributor In NC Area
Not Disclosed, NC Not Disclosed
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- RE: Industrial Products Distributor In NC Area
- Contact: Kimberly Ramsey
Quick Facts
| Asking Price: | $12,750,000 | |
| Annual Revenue: | $17,543,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,350,020 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $162,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 10 | |
| BBN Listing #: | 938815 | |
| Broker Reference #: | 13485-752588 |
Business Overview:
Industrial supply distributor in the rapidly growing central and Eastern NC markets. The company sales have nearly doubled in 3 years with 2023 sales of $17.5M, with $1.46M sales per employee vs $800k industry standard. EBITDA in 2023 was $1.4M, a 30% growth from 2022. The greatest opportunity for growth is by establishing online sales. The company's premier customer is currently building an approved $5 billion expansion, creating a tremendous opportunity for further growth. Company differentiates itself by focusing on relationships and proactively looking for solutions that can help customers improve efficiency while saving time and money. With two main locations, the company currently services a 120 mile radius, with deliveries by knowledgeable field employees capable of both installation and support, driving customer loyalty.
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Property Features and Assets:
Monthly Rent: $36,420.00
Lease Expiration Date: February 1, 2029, 12:00:00 AM
Facilities: Two primary locations. One is 78,000 sq ft and the other 9500 sq ft. A 3rd party lease is in place.
FF&E Overview: List of FF&E available in marketing package
Market Competition and Expansion:
Competition: The company has grown by building solid, trusting relationships with their customers. They deliver products with their own trucks, interact face to face, and customers rely on them to solve their problems not just deliver goods. As a result, they were recently awarded vendor of the year by a national OEM.
Expansion: The biggest opportunity for growth is to establish an online sales portal.
Reason for Selling:
retirement
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:
- View more North Carolina businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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