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  Home > Search Results > For Sale: Hose, Belt Distributor, Real Estate

For Sale Hose, Belt Distributor, Real Estate In Upstate New York

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Contact: Blair Sibley at 607-301-0967, 607-301-0967 - Log In To Message/Email This Contact
Last Revised: 9/10/19. Posting #: 10249082
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Key Words: distribution, distributor, equipment, industrial, equipment distributor, equipment distribution, fabrication
Financial Info: Financial performance has strong with revenues on a slight upward trend and averaging $1.4 million over the last 3 years. Gross Margins averaged 43% for that same 3-year period. Sellers Discretionary Earnings have also trended upwards - averaging over $160 thousand over the past three years.
Profile: The Asking Price of $400,000 includes FF&E of $60,000 and $400,000 of current inventory at the seller’s cost. The FF&E comprises of basic tools, fabrication equipment, warehouse fixtures, office equipment and furniture.

The Company occupies a 15,500 sq. ft. +/- facility that houses administrative offices, retail floor, warehouse, and fabrication. The facility is owned by the Seller and is available for purchase with an asking price of $450,000 – the real property is not included in the asking price for the business.

The Company currently employs 6 full-time employees and 1 part-time employee in addition to 2 working officers. The two officers act as CEO and Sales Lead. It is anticipated that a new owner would fill the CEO role and would have to back fill the sales lead with a new resource. A basic overview of the balance of the staff is as follows:

1 Full-Time Employee: Inventory Control; Invoicing
1 Full-Time Employee: Accounting (fully trained)
1 Part-Time Employee: Accounting (retiring)
2 Full-Time Employees: Retail/Warehouse Floor Coverage/Fabrication
1 Full-Time Employee: Cashier
1 Full-Time Employee: Generalist (does a little of everything)

Professional Resources & Contacts To Help You Close Your Deal!

Contact: Helen Yoo at 626-890-1151   Log In To Message/Email This Contributor
Profile: New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. We believe in long term relationships with our clients. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese.
Key Words: escrow, bulk sale, helen yoo, new century escrow
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Contact: Anthony Citrolo at 631-390-9650, 516-346-5272 (Cell)   Log In To Message/Email This Contributor
Profile: Anthony is a CPA, Certified Merger & Acquisition Advisor (CMAA) and is the founder of The NYBB Group, LLC. (New York Business Brokerage (2003) and NYBB Commercial Real Estate, Inc.). Anthony has a history as an entrepreneur having owned and operated several companies over the past 40 years.
Key Words: anthony citrolo, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, daycare, pre school, furniture, equipment, direct mail, remodel, kitchen, bath, design, evaluation, hvac, painting, commercial painting, renovation, nassau, new york city
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
Profile: When posting either a For Sale or Wanted To Buy Posting on BizBenNetwork, effective copy can be critical for catching the attention of either a prospective buyer (with a For Sale Posting), or a seller (with a Wanting Posting). Peter Siegel covers what our research shows works best in BBN postings.
Key Words: postings, posting, peter siegel, advertising
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Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
Profile: Whether it’s a business owner/seller or a business broker representing a business owner who is selling, buyers of businesses must be diligent about asking the right questions and getting the right information up front before wasting their time or losing money in a potential futile transaction.
Key Words: buying a business, peter siegel
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Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
Profile: In this BBN Podcast Episode, Mike, a seasoned business buyer & BizBenNetwork member, discusses his recent search with BBN Facilitator Peter Siegel, MBA. In this online interview, he discusses his past experiences dealing with brokers and business sellers and offers helpful advice to fellow buyers.
Key Words: podcast, buyer, business buyer, mike, buying a business
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: The unfortunate side of buying and selling small businesses is that the majority of all transactions fall through, including over half of all deals that go into escrow. Jordan Green discusses the most common reasons that transactions fall out of escrow in this BizBenNetwork blog.
Key Words: jordan green, escrow, business owners, business buyers, buyers, sellers, contract deposits, taxes, business purchase financing, financing, landlord, landlords, lease, leases
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Contributor: Tim Cunha, Broker, Specialist at - Log In To Message/Email This Contributor
Comments & Replies: 11   Topics: advertising, buying a business, for sale by owner, non disclosures, selling a business
Profile: Recently a business owner asked me on the phone, "Why do you keep the sale of a business confidential? How do you keep the sale confidential - any good tips?" Multiple BBN Members weigh in on this topic and give some very good reasons why confidentiality is so important to both sellers and buyers.
Key Words: nda, confidentiality agreement, non disclosure agreement, confidentiality, confidential
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Contributor: Peter Siegel, BBN Facilitator at - Log In To Message/Email This Contributor
Comments & Replies: 11   Topics: business brokers, buyer representation, buying a business, financing, non SBA loans, SBA loans
Profile: I was asked this question by a buyer: “I’ve been looking for a small business to buy for over a year. Many business brokers are telling me that if you don’t find a business (or at least make an offer on a business) within a year, you’re probably not really serious about buying a business.
Key Words: buying a business, purchase business, business buyers, buyer, buy a business
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Contributor: Tim Cunha, Broker, Specialist at - Log In To Message/Email This Contributor
Comments & Replies: 10   Topics: business brokers, buying a business, due diligence, escrow bulk sales, for sale by owner, selling a business
Profile: A business buyer asked: “I just made an offer to buy a business and would like to know what items I should get from the seller to initiate and complete due diligence of the business. Also, how much time should I allocate for successfully completing the due diligence process - 1 week? 4 weeks?”
Key Words: due diligence, confidentiality, due diligence process, tim cunha
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