This unique water system product wholesaler operates successfully from its warehouse-based headquarters in Binghamton, New York. The company is a profitable wholesale supplier of water pumps, fittings, valves, electrical equipment, water treatment products, tanks, and more. The company’s primary sales consist of wholesale water pumps, fittings, tanks, electrical wiring, valves, and controls. There are numerous major reputable brands carried by this organization, including Amtrol, Franklin Electric, Simmons, Flint & Walling, and more. Operations are headquartered in a centrally located, warehouse-based location, totaling 9,000 square feet. Included in the space is 400 square feet of office space and 6,600 square feet used for showroom, warehouse, and inventory storage. The facility is leased to the business from the owner and is included in the offering. The owner of the company currently provides sales support, inventory management, and general oversight. The customer base consists primarily of wholesale relationships with plumbing companies as well as well-drilling and pump installation firms. Significant opportunities are presented through territory-based distribution and e-commerce development. Territory includes a 2-hour radius surrounding the location. With its wide range of products, the company’s marketing efforts focus on targeting repeat business utilizing direct sales, in-person sales, and its website. 2024 is in line with 2023’s revenue of $1.76 million, with discretionary earnings of $308,881.
- Asking Price:
- $2,999,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,764,716
- Cash Flow:
- $308,881
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Property valued at $1,800,000 is included in Asking Price and subject to appraisal.
- Size in square feet:
- 9,000+/-
Business Operation
- Reasons for selling:
-
Approaching retirement and/or pursuing other interests.
- Trading hours:
-
Monday to Friday 8AM - 4:30PM.
- Employees:
- 3 nonunion.
- Years established:
- 1962
Other Information
- Support & training:
-
Owner Transition Period of 12 months.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Negotiable up to 20% for the right buyer.
- Furniture / Fixtures value:
- $347,323 - included in the asking price
- Inventory / Stock value:
- $350,000 - included in the asking price
