Industrial Products Distributor

Not Disclosed, IA


Asking Price: Annual Revenue:
Not Disclosed $3,400,000

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Industrial Products Distributor Broker: Doug Kose

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $3,400,000
Net Profit: Not Disclosed
Cash Flow: $1,667,144
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 251854611
Broker Reference #: 5182-863331

Email or Print Listing

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Business Overview:

A pioneer in the supply of hard-to-find aluminum and steel products for the agricultural sector, the Company sells over 6,500 different items primarily needed as replacement parts by various industries: agricultural equipment, machining, construction, welding, among other industries.

· The Company sells to hundreds of loyal customers throughout the U.S. enjoys a high rate of repeat business. Over 300 of the Company’s 650 customers have been active for decades.

· The Company also offers high-margin, value-added services such as cutting, hole-punching, shearing and pipe-threading. Management believes there is an untapped opportunity to sell used equipment as many types of agricultural machinery have become scarce. Properly funded, the Company could be scaled rapidly to achieve regional or national leadership in the aftermarket industry.

· Topline annual growth has exceeded 25% for the last two years and is on track to increase 27.1% in FY 2022 (ending November 30, 2022) to total $3.4 million. Adjusted EBITDA for FY 2022 is estimated to total nearly $1.7 million, a 49% EBITDA margin. Gross margin averaged 70.8% over the last five years and is expected to be 73.5% in 2022E.
Going forward, management believes continued sales growth, albeit more modest in 2023, is likely and EBITDA margins of 40% or greater are sustainable.

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Market Competition and Expansion:

The Company does not have outside sales or internal marketing employees. The company lacks the required expertise to manage and respond to online leads. In addition, hiring several direct salespeople would permit the company to develop additional business from existing and new customers.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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