Details - Information last confirmed on November 23, 2020
This industrial distribution and sorting enterprise is comprised of three separate companies headquartered in West Michigan. The Owner founded The Companies in 2007 with the vision of creating a better industrial distribution company. The three businesses feed to each other, as they have a one-stop-shop structure, allowing customers to buy general or customized products, and take advantage of sorting, quality, and inspection services all in the same place.
Company A is a Maintenance and Repair Overhaul (MRO) industrial distribution company. Company B is an industrial manufacturing distributor of specialty engineered components to meet specific customers’ needs. Company C is an industrial sorting, quality, and inspection company. The Companies are highlighted by the team’s expertise and experience within the industry, exceptional customer service, and long-lasting relationships with suppliers that can be passed on to new ownership.
The Companies have a diverse customer base across automotive, office furniture, construction equipment, contract manufacturing, metal fabrication, tool & die shops, individual customers, and other fastener companies. With a proper sales force, updated websites, and the remaining open capacity, The Companies could easily produce $5M in sales this year and $10M in five years through Company A alone.
After nearly 15 years of ownership, the Owner is ready to transition into the next phase of his life. He is open to the idea of staying on as a salesperson and assisting The Companies with the transition process. He is confident that The Companies could run smoothly with the Companies’ key managers and staff at the helm. To maintain current Business performance, the new owner(s) could work 15 hours per week in a semi-passive role, allowing the Operations Manager to run The Companies. The new owner(s) could also be more heavily involved, working hand in hand with the Operations Manager to grow the Business through an improved sales force and marketing strategy.
Buyers will be required to have a minimum of $300,000, solid credit, and industry or related experience to qualify for SBA 7a financing.
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