Listing Number: 76931-469734
An opportunity to acquire an established fastener business located in the Greater Houston Area. Expanding since 1964, the business now occupies five buildings spanning two city blocks, totaling 129,000 square feet (82,000 Impr. SF) and has approximately 45 full-time employees.
The business serves a customer base of approximately 2000 in Texas and surrounding states and sells to manufacturers, builders, industrial users, and construction contractors.
During the pandemic the business saw a decrease in sales, but in 2021, sales rebounded and saw a 19% increase to $6.3 million, with Seller’s Discretionary Earnings reaching $384,000. The asking price includes $1,700,000 for the business and $5,100,000 for the real estate.
- Price: $ 6,800,000
- Down Payment: $6,800,000
- Sellers Discretionary Earnings: $ 740,660
- Total Sales: $ 6,323,865
- Location: Harris County, Texas
- Inventory: $ 1,200,000
- FF&E: $ 500,000
- Reason for Selling: Retirement
- Category: Distribution