Locksmith, Hardware, and Discount store Wholesale Distributor

Listing Number: 86471-448185

Description

This 28-year-old hardware wholesale distributor involves the B2B sale of supplies for a variety of industries including key blanks, key machines, key accessories, locks, hardware, housewares etc. The company has established a large customer list with repeat business throughout Long Island and NYC 5 boroughs. It has been a reputable distributor for many manufactures, some of which have already stopped accepting new distributors.

The well-established business has growth in sales every year. Currently the owner only works 10 months a year, the net profit for the owner last year was $139,796. A commercial van for delivery service is included in the asking price. $172,000 inventory is available for purchase with the deal. It has a 1500 square feet warehouse in Suffolk County for only $1,236 a month, but it is relocatable to anywhere in New York metropolitan area. It’s also possible for an absentee ownership. Excellent acquisition for a buyer looking for a turn-key business or for existing distributors to expand their businesses.

Listing Details

  • Price: $387,000
  • Down Payment: $387,000
  • Sellers Discretionary Earnings: $139,796
  • Total Sales: $354,065
  • Location: Suffolk County, New York

  • Inventory: $172,000
  • FF&E: $25,000
  • Employees: 3
  • Year Established: 1991
  • Reason for Selling: Expanding rental property business
  • Category: Wholesale

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