$4 million industrial supply distributor (correlated as a mini Grainger) is available for sale in New England. Over the years it has consistently generated between $300,000-400,000 in discretionary earnings. Been in existence since 1951 and has a strong reputation in the industry. Has unique structure with long-term contracts and subcontractor relationships where products are directly drop shipped. Company has a low overhead structure with a little less than 10 employees.
It services construction, manufacturing and governmental agencies in New England. Product lines are consumable. Company has long-standing relationships with its customers and suppliers with limited seasonality.
A solid management team that understands how to grow and manage a business the next owner can be very successful. Growth can come from larger sales force selling same or more product lines into accounts and/or acquiring smaller companies.
New Owner Profile:
New Owner would have demonstrated a proven track record of leadership overseeing teams of people, ideally have a distribution background and understand how to gain leverage from such a business, can show a strong sales and marketing background with proven results, understands the nuances of financial management, can enhance existing business processes and controls to bring the company to the next level, has the ability to lead and execute and is an effective communicator to all levels inside and outside the organization with high integrity, morals and ethics. This opportunity would require the new owner to show the financial wherewithal to provide a down payment between $500,000-$1,000,000, excluding external financing.
Serious and qualified buyers who meet the above criteria should contact Larry Smith at (508) 881-2887.