Metro area-sells product throughout the Midwest region primarily.
Products are many and varied and include material handling, mechanical and electronic products. Serves customers primarily in the packaging industries. Most customers are repeat-but they order periodically to meet their needs. Products are supplied from the highest quality manufacturers worldwide. (Owner is both a “rep” and a distributor).
Sales have ranged from about $300,000 to $600,000 per year in the past four years, averaging about $450,000 per year. Gross profit has been in the 25% range. Normal operating expenses include light travel, trade shows, telephone, insurance and miscellaneous expenses. Owner operates from home and has some space dedicated for inventory and his office. Business can be located anywhere.
Growth can happen through an increased effort in sales and marketing.
Customer contacts include business owners, engineering managers, plant managers, maintenance managers, and production supervisors. A new owner with an engineering background will bring additional value to the business.
Most of the products offered have the advantage of either being the world’s best quality or have significant cost advantages over the competition. Beyond product-the owner provides problem solving and consulting service to customers and that accounts for the repeat business.
The owner anticipates a transition to the change in ownership where the owner is available, and including introductions to customers, training and support, and general assistance in the early stage to ensure success.
Sale price: $325,000. Sale includes goodwill, the name, website, inventory, customer lists, a covenant not to compete and training/consulting.
Interested parties shall be required to execute a Non Disclosure Agreement and show evidence of the ability financially to complete a transaction and the required experience and education.