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Jul 30, 2019Long-standing, professional wholesaler and supplier of high quality industrial chemical products has a very rich history rooted in successful management over decades of growth since its inception in 1947. Mainly operating in the Ohio-Illinois area (100 mile Chicago-center radius), the potential national salesforce's primary product lines consist of high grade ground asphalt (used in newsprint ink products), stearic acid-based lubricant products (used in tire manufacturing), and drilling fluids amongst other chemicals. The company operates from a 15,000 square-foot facility, which it leases from a third party; having become home-based since December and is absentee-operated from Florida. After 2006, it’s developed exponentially, with the majority of its revenues coming from repeated business; its customer base consisting of relational sales and large industrial manufacturing companies based in the printing, automotive, and oilfield industries. The company has a proven track record of being able to grow with minimal capital infusions, low percentage of overhead expenses relative to revenue, and maintaining a strong market presence with repetitive sales through its history, reputation, and range of quality products. In 2018, the company’s total revenue was $517,964, with Seller’s Discretionary Earnings of $160,771. Ownership agrees that with minimal marketing efforts focusing on targeting referrals from regional clients and large corporations, along with the possibility of furthering international business from its current ratio of 3%, represents a significant continued growth opportunity under new ownership. Based off of independent valuation!

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