May 16, 2019 — An acquirer of the Company will be provided a unique opportunity to achieve outstanding returns by continuing the Company’s strategic business plan. A hallmark of the company since its founding in 1980 has been its ability to transform and adapt to advancing technology and changing market conditions.
The Company provides wholesale industrial supply and delivery to three distinct customer segments: State and County Government at 30%, Public Utilities at 30% and Private Sector (Petrochemical and Commercial Construction) at 40%.
The founder of the Company died in 2017. In March 2019, his widow, who works in an unrelated field, inherited the company. She is currently the sole owner, president and CEO. Although the company realized consistent $3million to $4million annual sales when the founder was alive, sales have not been as strong since his death.
The Leadership has continually maintained certifications with key local, regional and federal agencies in small business, disadvantaged, minority and now, woman-owned categories.
The Company has wonderful ability to achieve daily operations without owner involvement. A good-fit buyer would be sales-centric and have capacity to grow new customer relationships while nurturing long-term ones.
The following are investment considerations:
-Respected brand with 40-year history
-Industry-known as providing exemplary service
-Marquee supplier and customer lists
-Minimal capital investment required to achieve and regain significant sales revenues
-Proven business systems and procedures in place
-Process secrets to maximize customer growth
-Absence of long term lease commitment on facility
NAICS Code 423830
2017 Revenue $1,835,437
2017 SDE $138,886
2016 Revenue $2,160,790
2016 SDE $268,253