Distributor - Industrial Fasteners - Threaded Products
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1240000
Net Profit / Cash Flow $590000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 6 - 9
Inventory 326345
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Key employees will most likely stay after transition. The owner is available for a reasonable transitioning period.
Reason for Sale Approaching retirement.
Description This company, located in northeast Texas, is a distributor of industrial products. They specialize in fasteners and threaded products. They make some items that are customized to meet their customer's specific needs. With their knowledgeable and service-oriented staff, they are able to answer any customer's questions and quickly find the products they need. Being situated in the heart of an industrial community, their location is ideal for this type of business. Some products they are an authorized dealer of include Infasco, Simpson Strong Tie, Brighton Best, and more. Despite the loss of a huge client in 2013, this company is on the fast rebound taking in many bids; they expect to see revenues back to normal as 2014 finishes. This company is now putting final touches on a stable customer base with over 200 active clients.
This industrial product company has been in business since 1999 with the current ownership. After years of hard work and dedication to building this business, the current owner has decided to retire. This Texas based business is a great opportunity to take a business that is already successful and build on that foundation to secure your future. This owner-operated business is managed in a hands-on fashion, giving the owner full control over the quality of products and the customer service provided. Out of their total revenue, 35% comes from bin services, 38% from OEM parts, 20% from other maintenance orders, and 7% from products they manufacture. With a great location and an established customer base, this is a great opportunity for an assertive new owner. For more information on this listing, contact us today. Equipment and inventory included in the sale, more details available upon inquiry. Asking $1,200,000.00, 99% repeat clientele.
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