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: 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
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: 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
View All Related Resources & Advisors For This Posting
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
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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
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
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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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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