Wholesale Hardware Distributor

Not Disclosed, TX
Parker County

Asking Price: Annual Revenue:
$2,000,000 $329,541

Wholesale/Distribution: Non-Durable Goods

Request More Information
Contact the Seller

RE: Wholesale Hardware Distributor Broker: Doug Batts
Owner Financing is Available!
$1,900,000 down/$100,000 over 18 months @ 6%

Quick Facts

Asking Price: $2,000,000
Annual Revenue: $329,541
Net Profit: Not Disclosed
Cash Flow: $78,741
Total Debt: Not Disclosed
FF&E: $137,779
Real Estate: Not Disclosed
Year Established: 1972
Employees: 12
BBN Listing #: 72614955
Broker Reference #: 6008-15633

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

We are pleased to present for sale this well-established and over 30+-year-old profitable, global distribution company that distributes fasteners, machined parts, apparel, janitorial / sanitation and general MRO (maintenance, repair, & operations products) such as hand tools, abrasives, chemicals, etc. Services provided include Vendor Managed Inventory (VMI) along with custom and commercial volume import procurement. The company has been largely absentee operated by its owner for the past two years while the owner focused on a development project and seeks a slower pace of life.

This company has consistently generated revenues of between $3.7M and $6.4M in revenues and between $310K to $650K in SDE (seller’s discretionary earnings) over the past several years. Softening in the manufacturing sector in 2018 related to tariff wars appears to have subsided. The company maintained core revenues on repeat customer business over the past few years as they have not had any outside sales representatives during this time frame. This can be attributed to a sales mix of 32% VMI bin stock and 23% short to long term contract volume base.

While Covid-19 restrictions are continuing to limit the business’ external customer operations, the company’s financial performance is starting to show some resilience. Revenue projections for the month of August is projected to be at least $225,000, which is approximately 70% of its typical run rate for year 2019, during which time it generated $4.3M in revenues and cash flow of $582K. September and beyond month’s performance will depend on how quickly their customers fully re-open and ramp up their operations, which we would anticipate that it would be as quickly as possible. While the company’s revenues have been impacted by COVID-19, the company is not aware of having permanently lost any of its customers due to the pandemic. The seller is committed to ensuring a successful transition to the successful buyer and will remain on board for up to six months after closing for training & transitional support.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

10,000 commercial building with warehouse and administrative offices. Building located on a lot containing another 10,00 SF building that is also available for purchase. Assets= $1,123,252

Market Competition and Expansion:

True competitors are rare. We believe that this company is well positioned to advance its value proposition and unique products offerings across a number of industries. We believe that this company is well positioned for growth under new visionary management who can focus the time and energy on growing it's current customer list and increasing its penetration into its existing accounts through a more focused approach by its inside sales team. Marketing an advertising expenditures have been very dismal over the past several years. We believe that the company could benefit from investments in a new web site, complete with SEO (search engine optimization) to drive its visibility and organic growth prospects.

Reason for Selling:

Slower pace of life.

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.

Relevant Links:

Request More Information
Contact the Seller

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!