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Wholesale Hardware Distributor For Sale

Parker County, Texas, US
Asking Price:
$5,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$4,064,103 (USD)
Cash Flow:
$537,254 (USD)

We are pleased to present for sale this well-established and over 20-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.

This asset rich company includes over $4.375M in assets that are included in the sale such as accounts receivables, inventory, furniture, fixtures, & equipment, along with a 20,000 square foot office/warehouse on a two-acre lot, valued at an estimated $2.5M, located in the DFW area. 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.

Seller is offering up to 10% of the purchase price in seller financing. This business has been pre-qualified for financing by two different Lenders. The buyer will generally be required to inject up to 15%, in cash, of the purchase price as a down payment and will also need to meet standard credit qualification criteria.

Property Information

Premises Details:

20,000 commercial building with warehouse and administrative offices. Includes a 3,000 SF mezzanine space that is available of build out. Seller will credit buyer the value of the first 500 SF of build out cost for the mezzanine space.

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

Slower pace of life.

Trading hours:

Monday-Friday 9am-5pm

Employees:
12 FT
Years established:
48 Years

Other Information

Support & training:

Will train for 2 weeks @ no cost

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$825,000 down/$550,000 over 60 mos. @ 6.50%/Other Financing

Furniture / Fixtures value:
$348,289 (USD) - included in the asking price
Inventory / Stock value:
$719,479 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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