Wholesale Industrial Parts & Service Company
Eastern North Carolina
Financials
Asking Price: $199,000
Revenue: $767,582
Cash Flow: $120,000
Description
This unique business has been serving automotive industry customers in the Southeast for more than 20 years. Currently located on the beautiful coast of Eastern North Carolina, this business has built its very strong industry reputation by placing enormous emphasis on customer service and satisfaction and is now ready to be taken to the next level of success. With a solid supplier base of more than 25 key manufacturers, this company is not a franchise (but can be turned into one), can be relocated or grown by expansion, and has enormous potential. A new owner must be customer-oriented with a passion for providing exceptional service with a personal sales touch. This opportunity also provides the freedom to add other synergistic product lines to its current portfolio, which would result in a quick increase in new sales, as well as a positive pull-through effect on the sales of its existing products. Current inventory levels usually runs around $90,000; however, more sales are now being transacted by direct shipping from the original manufacturer to the customer, thereby reducing the need to warehouse significant amounts of product. 2009 discretionary cash flows were in excess of $100,000, and sales are concentrated in the Eastern geographies of North Carolina and South Carolina. Expansion into the Triangle, Triad and/or Charlotte areas of North Carolina is just an example of the opportunity that awaits the right entrepreneur interested in propelling the current sales volume to new heights.
Growth/Expansion: The owner has been on disability for several years and still manages the business from the office. However, he no longer spends much time on the commercial aspects of the business. Basically, in a management “cruise control” mode, the current focus is to take most orders and ensure that the firm’s commission-only tech reps are available to install equipment after delivery. A renewed management emphasis on pro-active selling will not only see quick results but help to determine where the next geographic expansion should be located.
Financing: Seller financing is available depending on the circumstance.
Support/Training: Seller training.
Reason Selling: Retirement
Growth/Expansion: The owner has been on disability for several years and still manages the business from the office. However, he no longer spends much time on the commercial aspects of the business. Basically, in a management “cruise control” mode, the current focus is to take most orders and ensure that the firm’s commission-only tech reps are available to install equipment after delivery. A renewed management emphasis on pro-active selling will not only see quick results but help to determine where the next geographic expansion should be located.
Financing: Seller financing is available depending on the circumstance.
Support/Training: Seller training.
Reason Selling: Retirement
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