Profitable, Very-Well Established Industrial Distribution Business

This is a rare opportunity to purchase an extremely well-established business which trades in Industrial products. For over 55 years, this Company has been providing their products to the Pharmaceutical, Food, Manufacturing, Packaging and many more Industries. The key to the Company’s success has been their emphasis on a high-level of customer service as well as competitive pricing. This business carries a healthy amount of ready-to-ship inventory and operates out of a well-sized warehouse facility. The Company has strong gross profit margins averaging over 60%. The Company employs a well-trained staff including Sales, Warehouse, Admin & Customer Service, and their team are considered to be experts within their industry. The Company has proven to be resilient through the Covid Pandemic and has demonstrated consistent strong sales and earnings over the years. The owner is now looking to retire and wants to transition this very successful profitable business and incredible client and vendor relationships to a new owner. The owner will stay on during the transition to help facilitate a successful sale. Moreover, since they also own the property, they have an added incentive to ensure the success of their new tenants. There is an opportunity to discuss acquiring the property as well. With annual revenues north of $3.5m, earnings of approximately $900,000, very high margins, a loyal client base and excellent vendor network, this business represents a strong opportunity for new ownership to build upon. The business is priced at $3.7m plus inventory which ranges from $1m to $1.5m. Qualified candidates, please refer to listing number 15345 when inquiring about this opportunity.