Listing Number: 86471-448185
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.
- 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