Plumbing & Hvac Products Manufacturer / Distributor For Sale
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $3000000
Net Profit / Cash Flow $400000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1965
Number of Employees 10 - 19
Relocatable Yes
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Owner wishes to retire.
Description Sale/Turnaround Management Opportunity: MFR's REP OF PLUMBING & HVAC PRODUCTS. An established regional manufacturer's representative organization that also sells wholesale from inventory to the local marketplace it serves a major metropolitan area in the northeastern United States.
Customers are primarily contractors, builders and property owners in the commercial and industrial real estate sectors. The Company represents numerous leading OEM brands and has several skilled technical employees offering engineering support for project designs and specifications and product procurement. Approximately 2/3 of the Company's revenues are from its own warehouse distribution and 1/3 of revenue is derived from sales commissions it earns as a manufacturer's representative.
The owner wishes to sell to a hands-on operator/investor or strategic acquirer in a nearby location in order to transition out of their day-to-day operational role in the business.
The business experienced a downturn in the last year due to the recession and corresponding slowdown in local construction activity and also faced numerous unrelated internal issues related to the individual owners. An ideal acquirer would be able to add some working capital and provide the management and resources to implement a turnaround. Current management could remain involved with the business during a transitional period. Contact for more information on this plumbing & HVAC products manufacturer / distributor for sale.
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