Mar 20, 2020 — Established in 1983, this high-margin wholesale and distribution Company offers a variety of metalworking lubricants and cleaners throughout the Midwest, Florida, and South Carolina. The Company also provides chemical management services - tracking compounds from procurement to final disposal. The Company’s longstanding chemical management service contract is with three Chrysler Plants.
The Company’s product offering includes drawing/stamping/blanking compounds, cutting/grinding fluids, metal component cleaners, rust preventatives, and maintenance/forging/metal forming lubricants. All products are available in an array of quantities, allowing the Company to service its customers regardless of their specific needs.
Diversification of customers is a significant asset to the Business since sales are not reliant on a single customer demographic.
The Company is currently owned by two owners, 50%/50% respectively with a managing owner and absentee owner. Minimal owner involvement is sufficient to operate the Business successfully. The current managing owner performs all business activities by working 8 to 10 hours per week while producing solid earnings margins. Minimal day-to-day operational involvement creates an opportunity for a more active owner to step in and grow sales and earnings.
The managing owner performs all tasks at a home-office, negating the needs for an expensive facility. The Company does not have to deal with recurring rent or utility and maintenance payments, which keeps overall costs low. Plus, the Company runs effectively with only one full-time employee.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of non-disclosure agreements (NDAs) and sending of information for speed and efficiency.
You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email and request a PDF version.
Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. They will be happy to correspond and answer your questions directly. Thank you for your time!