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Business price $1.299M, plus inventory, plus real estate. Updated with refreshed financials, ready to present to serious buyers. This distribution company has been in business in the same location for 85 years, and under current ownership for over a decade. With focus on retail for most its life, current ownership evolved the business by adding new product lines, cultivating a trained and productive sales team, and adding an inside sales support group. The result is a distribution model with solid revenue growth and healthier contribution to the bottom line. Sales increased from < $1M to over $6M in 2019 and SDE averaged $450k between 2018 and 2019. Despite COVID, and even recent supply chain challenges, the business is continuing its growth path, exceeding its targets, and maintaining a healthy backlog. As of August 2021, the business is forecasting $5.2M in revenue and SDE of just under $500K based YTD results to end the year. Listing price includes $500k of inventory at cost.
Real estate, offered for an additional $500K, includes a 24.5K SF lot with two buildings ~15,200 SF, in a historic area currently being revitalized by the city.
Further details, including industry specifics, will be provided after executing an NDA due to confidentiality. Ideal for owner operator who wants to be hands-on to elevate the business to its next growth cycle.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.