Our client is a niche merchandiser of a line of equipment sold to retailers, wholesalers and distributors throughout the United States and Canada! They work with very large national companies, regional chains as well as medium and small retailers to provide solutions to their individual product needs at competitive prices. They also have the structure in place to coordinate the shipment, delivery and installation anywhere in the USA and Canada.
This is an asset sale and it includes $200,000 of inventory, valued at cost. The company has 3 strong and experienced managers who will stay on with a new owner and this is a true strength of the company. Additionally, the Seller, who wants to retire in due course, will provide a Buyer with 30 days of his time as part of the transaction and is willing to stay for a short period beyond that as a commissioned salesperson.
Their sales increased by 28% in 2016 as compared to 2015 and they are forecasting another excellent year in 2017! This is a very well-run company with exceptional upside potential!
Additionally, the business is offered with bank/SBA 10-year financing at a fixed rate of 5.45% for 10 years based on a 25% down payment. Optionally, the bank will provide a working capital line of credit.
This is a perfect business for an individual with good sales, marketing or people skills or a company with a different product line and similar client base where they can cross sell to their respective clients!
This business was recently sold by Viking Mergers & Acquisitions. Please view our other listings or contact us if you are interested in buying or selling a business.