Seller's Contact Information
- RE: Michigan Industrial Supplies Vendor
- Contact: Shu Ghosh
- License #: 6505349567
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $1,200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $90,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $52,124 | |
| Real Estate: | $500,000 | |
| Year Established: | 1963 | |
| Employees: | 6 | |
| BBN Listing #: | 392323188 | |
| Broker Reference #: | NVC2223 |
Business Overview:
This Company has been selling a diverse selection of mostly U.S.-made industrial products to individuals, manufacturers, municipalities and other businesses in its Michigan community for more than a half-century. Its unmatched product knowledge, quality service, extensive inventory and same-day delivery have made it the “go-to” local supplier for industrial tools and materials. Its customers in the prosperous, industry-rich region it serves include food processors, machine shops, tool and die makers, machine builders, manufacturers, contractors, schools, farms and do-it-yourselfers. It has earned tremendous loyalty among its 300 active customers, nearly all of whom are within 20 miles of its location. Despite its success, the Company has unrealized growth potential which presents an outstanding opportunity for the right buyer with a sales background and industrial products knowledge.
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Property Features and Assets:
The Company’s 5,000-square-foot facility has been its home since 1999 – it includes three offices, with the remaining area used for product display or inventory. Current facilities could handle an estimated $2 million to $3 million in sales. The property is owned by a partnership owned by the owners of the Company. It is available for sale or lease along with the Company. The only anticipated capital needs are replacement of a delivery vehicle at an estimated cost of $20,000.
Market Competition and Expansion:
Unique service – The Company is the only supplier of its type in the manufacturing-rich community where it’s based. Product knowledge – After decades in business, Company personnel understand industrial supplies and customers’ needs. Buy American – Most of the Company’s products are U.S.-made – a distinct advantage in its conservative community where many buyers prefer domestic goods. Get it now – Local customers receive free delivery, with multiple trips scheduled each day.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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