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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.
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.
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.
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.
Slower pace of life.
Will train for 2 weeks @ no cost
$1,900,000 down/$100,000 over 18 mos. @ 6%
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