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This Manufacturer’s Representative and distributor for boilers and hydronic accessories is an Essential Business. This company has been in business since 1959 and is a 2nd generation business. The primary source of income is from the SF Bay Area, Northern California and Reno, Nevada region. This business distributes Hydronic (water and low-pressure steam) heating boilers as used in single, multi-family housing, office buildings, schools, commercial and process heating.
Sales during 2017, 2018 and 2019 have consistently been over $2.9M and in 2020, their sales have had a slight decrease of 8%.
With 4 Full Time Employees, this business is a very lean operation. The business is run by the owner, a small sales team, a Warehouse Manager and the office manager. Sales in 2018 were 2.9M and in 2019 were $3.2M. Sales will continue to see growth of 24%. Approval of a new tankless water heater will present a large opportunity for increased sales.
This business is listed at $2.3M ($1.2M in inventory and $400K in Accounts Receivable is included in price). SBA has pre-approved this essential business for 1.5M. Contact Broker for full Memorandum on this Essential, Profitable and Recession proof business.
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