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Very Profitable Supply House for sale in Hudson Valley, New York
Very Profitable Supply House
Hudson Valley |
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This extremely profitable supply house produced a cash flow of over $1,000,000 in both 2008 and 2007. The new infrastructure projects that the President will be implementing will enable this company to be even more profitable in 2009. It is located on 4 acres on a main road with access to multiple highways. It is a leading supplier of water, sewer, drainage and highway materials to the highway, municipal, contractor and excavation markets in the Hudson Valley of New York, Eastern Connecticut and Northern New Jersey. Hours of operation are Monday - Friday, 7AM - 5PM. Business has an excellent management team in place. They have about 12 employees, 4 of which who work in the office. Business can almost be run semi absentee. Owner takes a lot of vacations. When working, he comes in between 9:30 - 11AM. Owner's wife works around 3 hours per day. She does some bookkeeping including payroll, sales tax, and following up on accounts receivable. Accounts Receivables of $700,000 and Inventory of $1,000,000 come with the business. Fantastic business and cash flow. It won’t last long. |
Listing Number: 536
Morris Cohen - Listing Broker
122 Ogden Avenue, Dobbs Ferry, NY 10522
Telephone - (914) 674-9580
E-mail -
mcohen@capitalbbw.com
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| Category |
WHOLSALE/DIST. BUSINESSES |
| Sub-Category |
Durable Goods |
| Asking Price |
$4,500,000 |
| Gross Sales |
$6,200,000 |
| Cash Flow |
$1,000,000 |
| FFE |
$170,000 |
| Inventory |
$1,000,000 (Inventory IS Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
12 - Full-Time
0 - Part-Time |
| Facilities |
The owner owns the real estate too. The real estate can be bought for an additional price or the current owner will provide a lease to the new owner. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
Competition exists but is not an issue. Two competitive advantages that set them apart from other supply houses are their one stop shopping and their large inventory. Due to the many product categories that they carry, a customer can buy almost all his supplies from one vendor, them. In addition, because they maintain such a large inventory, they can generally deliver most items within a few days of receiving an order, unlike other supply houses that take up to two weeks to deliver such items. |
| Growth Notes |
The company has protected product lines that cover many marketing areas. Currently, the company only has 1 part-time salesman. Sales can be increased by making this person a full-time salesperson or adding on additional salespeople. They don't even sell into all their areas at this time. They are satisfied with their existing volume. A new buyer can easily expand with little effort. In addition, the new infrastructure projects that are being passed by the President and Congress will add to its growth. |
| Support Training |
Ample support and training will be provided. |
| Year Established |
1988 |
| Financing Terms |
Owner will not hold any paper. |
| Reason for Selling |
Retirement |
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