Seller's Contact Information

  • RE:  Wholesale Electronics
  • Contact:  Art Lennig
Owner Financing is Available!
$2MM down/$200,000 over 120 months @ 6.50%.

Quick Facts

Asking Price: $2,200,000
Annual Revenue: $7,858,199
Net Profit: Not Disclosed
Cash Flow: $468,369
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1976
Employees: 7
BBN Listing #: 7214955
Broker Reference #: 1103-17313

Email or Print Listing

Business Overview:

The Company caters to the school and religious organizations. They sell multiple products to them.

There is a sales team that works with the customer and their needs. This team helps the customer acquire the correct equipment for what their needs are at the time.

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Property Features and Assets:

This business operates out of its own a 11,000 square foot free standing building. The building is Steel Frame with Metal siding. The land is 53,579 Square feet - 1.23 Acre. The building has 3,930 square feet/35.7% office space. The Warehouse has two dock-high doors and one drive in door. There are 6 marked paved parking spaces plus additional parking on gravel parking areas. The building was constructed in 1984 and is in average condition. Zoned as Light Manufacturing. Assets = $990,000

Market Competition and Expansion:

Competitive Markets: There are many competitors in audio equipment, however there are only a few that compete in the same market and at the same level that The Company operates in. Their ability to continue to produce high quality service at a reasonable price continues to drive their business. Competitive Parameters · Strong Reputation · Quality & Service · Meets or Exceeds Deadlines Competitive Advantages/Weaknesses: The Company has high customer loyalty and repeat business. Relationships with suppliers are strong and drive their cost of goods sold around or below 30% of revenue. A high level of knowledge of the market, products and their customers’ needs help The Company to continue to grow. This allows The Company to keep operating at their level with the employee ratio to a minimum. Growth potential is good today. The business has been growing each year for the past several years.

Reason for Selling:

Seller is ready to retire.

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:

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Revenue $22,505,421
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Profitable, and well-established commercial kitchen equipment distributor with 79-years of experience and a loyal customer base. Located in a large Georgia city, the Company serves customers in a two-state market through five distinct divisions of business: Contracting, Engineering Services, Projects, Bids (which together comprise 80% of the Company’s business), and Retail Walk-ins (the remaining 20%).Key investment highlights:· Well-established business – Since its founding in 1943, the Company has developed a strong reputation for providing the industry’s top-brand equipment with excellent customer service. A focus on the customer, regardless of the size of the order, has worked to the Company’s growth advantage.· Strong local economy – The local area encompasses some of Georgia’s fastest growing cities and one of the fastest growing counties in the State. Medical facilities, an expanding military presence, and global headquarters of large corporations stabilize the local economy and contribute to its growth.· Diverse and loyal customer base – One of the keys to the Company’s long-term success is its diverse customer base. The Company services school districts, universities, hospitals, municipalities, long-term care facilities, large restaurants, and retail customers. Its customer service results in significant recurring business.· Limited local competition – With no direct competitors within a 60-mile radius, the Company’s position as market leader is assured.Foundation to support sustained growth:· Expand sales and marketing – Creating a comprehensive marketing plan and adding a dedicated sales representative / sales force will build on the Company’s word-of-mouth marketing and increase market reach.· Potential to increase purchasing power – A strategic buyer has the potential to add new clientele, giving it the ability to increase purchasing volume and increase rebate potential.· Add service department – The addition of an equipment-service department could provide an additional high-margin revenue stream.Contact me for more information about this successful, profitable, and well-established commercial kitchen equipment distributorship.

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