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Fastener Distributor Over 60 Years In Business For Sale

Illinois, US
Asking Price:
$500,000
Sales Revenue:
$527,834
Cash Flow:
$162,449

Introducing an acquisition opportunity for a fastener distributor with over 60 years in business. The business was started in 1960 and the current owner has been operating the business for 48 years. As of Q1 2021 the subject business booked 366k in orders, generating 94k in accrued profits and demonstrating that they are on track to exceed 2019 results. The seller is dedicated to providing a thorough transition and ongoing support for a qualified buyer. This business has established a robust supply chain, with approximately 60% import and domestic suppliers available when needed. The customers are primarily repeat, and the seller is willing to stay on for an extended transition to ensure customer retention. This business offers a new buyer instant access to a new revenue stream. The buyer has the flexibility to continue operating as-is or merge the business into an existing operation. The proven business model has withstood the test of time and a new owner will benefit from training from an industry veteran.sign the NDA and request a prospectus.

Property Information

Location:

North Chicago Suburbs

Premises Details:

Operated out of a home office

Business Operation

Expansion Potential:

2021 is on track to double 2020 sales and exceed 2019. This is a solid foundation to expand from.

Reasons for selling:

Retirement

Trading hours:

Monday - Friday, 8-5

Employees:
0
Years established:
1960

Other Information

Support & training:

Seller is committed to provided in depth transition training and ongoing support.

Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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