Established parts distribution company in Richmond, Virginia, generating approximately $7,000,000 in annual revenue and $400,000 in net profit. Offered at $1,200,000, this turnkey distribution business includes approximately $700,000 in inventory and $250,000 in furniture, fixtures and equipment.
The company operates with proven systems and a highly experienced workforce. It has 15 full-time employees and three part-time employees in addition to the owner, with all but two of the full-time employees having more than 10 years of service. This long employee tenure provides valuable operational continuity for an incoming owner.
The business operates from leased office and warehouse premises in Richmond. Buyers should note that one customer currently accounts for slightly more than 50% of annual revenue. Revenue has also been affected in recent years by the temporary loss of government work, with the seller anticipating renewed activity from this sector.
The owner is willing to provide training and transition assistance, and owner financing is available. The sale also includes a sizable loss carryforward. Further inquiries are invited from buyers seeking an established Virginia parts distribution business with significant revenue, experienced employees and an established operating infrastructure.
