Last Revised: 9/10/19. Posting #: 10249082
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!
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
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
Profile: Kyle Griffith is a Managing Partner of the NYBB Group. He represents business owners seeking to sell or grow their business via acquisitions. Kyle is a Certified Business Intermediary focusing on the HVAC & Plumbing, Trucking & Delivery and Distribution industries.
Key Words: kyle griffith, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, delivery, medical, medical equipment, home health, bar, restaurant, hvac, refrigeration, dry cleaners, audio equipment, equipment, distribution, moving, delivery, massage envy, massage, allstate, insurance, plumbing, wine, new york city, kings, brooklyn, bergen, nassau, queens, hudson valley, manhattan, new york
View All Related Resources & Advisors For This Posting
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
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Business Valuation Expert and CPA John Byrne explains how business owners need to have accurate and timely financial statements in order to manage, grow, and ultimately sell their business. The emphasis should be on generating the financial statements to serve all users of the financial data.
Key Words: selling a business, sell a business, sell your business, financial statement, financial statements, financials, valuation, valuing a business, valuing your business, business valuation, business owner, business owners, owner sellers, john byrne
Profile: When selling your business, asking the right questions and gathering the proper information up front will allow you to carefully vet and qualify potential buyers while helping you understand their intention to buy your business, saving time and keeping your business's information confidential.
Key Words: peter siegel, non-disclosure agreement, NDA, qualified buyer, qualified buyers, business purchase financing, financing, cash, SBA loan, SBA financing, preparing business for sale, equipment, lease, seller financing, assets, collateral
Profile: New York Business Broker Blair Sibley discusses the idea that business owner sellers should not guess when valuing and pricing their small to mid-sized business for sale and should be able to justify and support their asking price when marketing and selling their business for sale.
Key Words: sell a business, sell your business, sell my business, selling a business, valuation, business valuation, business value, value, selling price, asking price, pricing your business, valuing a business, valuing your business, cash flow, sde, discretionary income, sme, buying a business, adjusted net income, income, earnings, sba loans, sba loan, loans, financing, business purchase financing, blair sibley
View Related Blog Posts For This Posting
Profile: Determining whether to include the value of a business's inventory in the selling price or add the inventory's value in addition to a business's selling price is an issue that occasionally comes up when negotiating the purchase agreement during a small business transaction.
Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
Related Discussions For This Posting
Comments & Replies: 14 Topics: for sale by owner, landlords, selling a business
Profile: While there may be exceptions, I believe the best practice is to let the land owner know about your plans to sell the business - meaning a new tenant for him or her - before you begin marketing the company for sale. There are two schools of thought on this important question. BBN Members weigh in.
Key Words: landlord, landlords, lease, leases, leasing
Comments & Replies: 11 Topics: business brokers, buying a business, pocket listings
Profile: I am often asked these questions by business buyers: “It seems as though brokers/agents have a tough time returning phone calls. Why do they make it so difficult to get information & return a call? What should I be doing so that they return my calls and emails?” BBN Members discuss this hot topic.
Key Words: brokers, business brokers, buying a business, business broker, agent
View All Discussions
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