Tool Distribution Business E-Commerce with Property and Many Customers

Bohemia, NY

Seller Financing Available

listing image
Sale Pending
Asking Price:$3,500,000
Gross Revenue:$3,363,000
FF&E:$300,000
Established Year:1977
Cash Flow:$300,000
Inventory:$1,272,000
Real Estate:$2,800,000
BUSINESS DESCRIPTION

OWN ONE OF THE TOP DIRECT FROM THE MANUFACTURER TOOL DISTRIBUTORS ON THE EAST COAST! Owner is extremely ready for retirement and has reduced the entire package (full business and property) to $3.5 million. THE PROPERTY ALONE has recently appraised for $3.25 million so essentially the seller is selling the business for an astoundingly low 1x multiple.

$3.5 million is his absolute bottom line and will absolutely not consider any offers below this. Owner's son has managed the distribution business for decades and is willing to stay on if needed.

Established in 1977, this is one of the PIONEERS of the tool distribution industry. Centrally located in Long Island, NY. Business comes with two leading e-commerce websites as well as numerous other boutique websites. Perfectly poised for explosive e-commerce growth. THE OWNER IS READY TO RETIRE. CURRENTLY E-COMMERCE ONLY ACCOUNTS FOR ABOUT 25% OF TOTAL SALES AND GROWING RAPIDLY. THIS IS A ONCE-IN-A-LIFETIME GROWTH OPPORTUNITY.

Asking price INCLUDES absolutely everything, the property -- 13,500 sq. ft. warehouse and retail space, full dedicated staff, inventory, FFE, incredibly valuable website assets with quickly growing traffic and so much more.

A leading distributor of more than 300 lines of name-brand hand and power tools since 1977. Based out of their well-known retail location on Long Island, they are a Power Tool, Hand Tools, Cordless Tools tradition serving woodworkers, contractors, municipalities, state agencies, schools, and hospitals for more than a quarter century.

The company remains unique to the power tool industry because they are also a factory authorized warranty repair center for more than 40 power tool manufacturers. They stock a full line of accessories and most commonly used parts for everything they sell. Sales staff are factory trained and nationally recognized as the most knowledgeable in the power tool industry.

THIS SALE WILL NOT LAST LONG. Fill out the 'contact form' on this listing to receive the NDA, offering memorandum and all financials,


DETAILED INFORMATION
Location
Bohemia, NY
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
13,500
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
13,500 SF, brand new roof, 8,500 SF showroom, storefront & warehouse, 2,000 SF of offices, great parking (for 20+ cars).
Competition
Limited local competition and infinitely scalable online.
Growth & Expansion
Real growth opportunities in e-commerce: advertise through social media, expand email campaigns, purchase keywords.
Financing
Possibly for buyers with significant cash down at closing
Support & Training
Owner will provide transitional support.
Reason for Selling
Retirement.
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Ronald
Ward
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Ronald Ward