This well established business has been a closely held family business for over 50 years dealing in specialty raw materials including import, export, and distribution. They supply a broad range of industries including Pharmaceuticals, Cosmetics, Painted Coatings, Plastics, Cleaning Supplies and Food Industries to name a few. There is no customer concentration with the largest customer concentration consisting of less than 10% of annual sales. The next grouping of customers consists of approximately 2% of annual sales. Due to the nature of the product there is very little competition in the market space. The Business operates out of their corporate headquarters with a team of 4 to 5 full time employee including the owner, an outside sales person, an inside sales person and book keeper. Distribution is handled nationally utilizing third party warehousing strategically located across the USA.
Inventory: Included in asking priceGrowth & Expansion: The opportunity exists to work with the existing customer base to provide additional products needed by the existing customers should the owner choose to explore near neighbor products/verticals.Financing: Pre Approved for SBA Financing and seller will finance partial amount.Support & Training: Seasoned and trained staff will remain post acquisition to run and train replacements as need as they reach retirement age. Owner is willing to negotiate a transition contract of up to one year to ensure proper knowledge transfer to new owner. (30 days included in asking price). Reason for Selling: Retirement
Asking Price $2,200,000
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