Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Distribution Company
(Wholesale Distribution)
Monmouth County , NJ
Listed Price: $ 335,000
Listing ID: DIST203

Listing DetailsGross Revenue: $ 769,977
Cash Flow: $ 144,799
FFE: $ 65,000 (Included in Price)
Reason for Sale:

Owner is retiring after many years in the industry.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 1996
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 7500
Monthly Rent: $ 5,000
Square Footage: 6000
Facilities:


This business facility which consist of approximately 6,000 square feet is on an active commercial state highway for customers convenience. This opportunity is in Northern New Jersey, Monmouth County, and their customers are within thirty-five miles of this distributor.


SummaryBusiness Description:

Excellent business opportunity to own this long-established distribution company located in Monmouth County, New Jersey with a 2018 gross income of $769,977 and a net yearly income of $144,799 to the owner operator. The sale is due to the owner’s retirement after many years in the industry. Seller is prepared to remain post-closing and finance the sale to a qualified buyer. This well-known janitorial equipment & supply company offers all the cleaning products available on the open market including cleaning products, equipment sales and repairs. The company has a full line of janitorial equipment and accessories with a high profit markup and has approximately 250 active customers. They have built their reputation on service, and they will provide quality professional service to users of janitorial supplies and equipment. They are equipment specialists with the sale of national known proven products and they also provide service for all the major manufacturers of janitorial equipment at their facility or at their customers location. They are an authorized service/warranty center for most manufacturers of janitorial equipment. They offer competitive rates, prompt professional service, pickup/delivery, rental equipment availability and provides factory authorized repair service for dozens of manufactures of janitorial equipment. The company also has fully equipped service vans furnished with the most frequently used parts and tools to perform all services at customers facility without impeding the operation. They also offer a profitable planned maintenance program, provides computerized reports to track repair history, warranty information and costs of maintenance, repair status and planned maintenance schedules. This distribution company consist of 4 full time employees who are unaware of the pending sale. The payroll is primarily based on a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $12,000. The business transaction will offer a new commercial lease which will expires 2020, plus additional options available, with a monthly rent of $5,000 all in, cost per square foot is estimated at $10.50 and rent security of approximately $7,500. The business has been valued / priced at $335,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The company can be further expanded by the new operator by improving the marketing and advertising system. Additionally, the company has a limited poorly optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:


Seller financing is available to a qualified buyer