Industrial Equipment Wholesale Distribution Company!
Business Summary:
Since 1970 This Orange County California Based Company Has Been A Full-Service Industrial Sewing Machine Equipment And Parts Dealer To The Soft Goods Industry, Primarily Furniture Manufacturers. It Provides Service, Repair And Rentals, Serving A Group Of Loyal Customers That Have Been With The Company For Many Years. One Of The Keys To The Company’s Success And Stability Is Its Extreme Service Orientation And Immediate Product Availability. 75-80% Of Current Revenues Are From Repeat And Referred Customers. There Is Limited Competition.
The Company Recently Implemented A Direct Mail Program To Market Outside Of Its Immediate Geographic Area And Current Customer Base. Sales Revenue Increased While Maintaining A 60% Gross Profit Margin. The Expenses For The Program Are All Variable.
The Company’s Marketing Channels Are Very Distinct, Which Facilitates Significant Market Penetration Potential. By Expanding Its Proven Direct Mail Marketing Program, 85% Of An Untapped Potential Market Can Be Penetrated. Its Website Can Also Be Enhanced To Capture Additional Customers. Additional Channels That Have Not Been Addressed By Any Recent Marketing Programs Are The Household And Rental Markets.
General Information
Employees: Four Full-Time, At A Monthly Cost Of 10,300 (75% Are Commissions)
Facility: 2,000 Square Foot, Including Showroom, Parts And Service Areas At A Lease Cost Of 1,800 Per Month (Including Cams And Triple Nets)
Price Includes Tenant Improvements, Office Equipment And Machinery. Inventory Of 104,200 Not Included
Support/Training: Seller Will Provide Training And Assist A Buyer In Implementing Effective Marketing Programs
Reason Selling: Retirement
Asking Price 324,000
Gross Revenues 620,000
Seller’s Discretionary Earnings: 75,800.
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