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This cabinet distributor sells numerous lines of products on both an exclusive and non-exclusive basis; established over 15 years the company sets itself apart from the competition in many ways, with unwavering customer service and integrity and products being delivered on time, etc; There is presently over $ 15 MM of "new" sales under contract for the next 2 to 3 years, which is new business and is up and above their historical sales of $ 6-10 MM each year; this new business will "more" than off-set any softening of sales due to the economy and will allow them to "prosper" even during this down market; the company only sells to the most reputable builders in their markets and is constantly gaining market share; The company had several unavoidable external (manufacturing) problems, beyond their control which affected profitability in 2006 and early 2007, however these issues are behind them now and and gross margins and profits are growing. This is an excellent opportunity for a buyer to capitalize on a company with an outstanding reputation and who commands the highest market share for their types of products within their market segment; this company is located in very attractive markets which will rebound MUCH quicker than the rest of the country for numerous reasons; management depth is very solid, including a CFO who will remain after a sale. Owner is retiring and will provide whatever transition period is necessary for a smooth transition. Seller is receptive to fair & reasonable offers. No bank debt involved; owner has flexibility to structure win-win deal; No brokers please.
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| Industry: |
Wholesale and Distribution |
| Industry Segment: |
Wholesale and Distributors |
| Geography: |
United States > Southeast |
| Gross Revenue: |
$9,000,000 |
| Cash Flow: |
$510,000 |
| Cash Flow Comments: |
Growing |
| Value of Inventory: |
$400,000 (Included in Asking Price) |
| Value of Equipment: |
$300,000 (Included in Asking Price) |
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| Year Established: |
1988 |
| Number of Employees: |
35 full time - |
| Reason For Selling: |
retirement (true) |
| Facilities: |
Very nice, modern, leased, show well; ideally located for distribution |
| Market Outlook/Competition: |
Excellent! new division opened up new markets and have $ 15-20 MM of business under 2-3 year contracts, up and above base book of business.; the markets this co serves will bounce back much faster than 90% of the country; this company crushes the competition on service and sells products which are unique and unlike the competition; has unique product lines. |
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| Email: |
reed@southeastbusinessexchange.com |
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