The business is a reseller to the US government with approximately 85% of revenues derived from the Navy. The company has been in business for 20 years and has a strong reputation and continuing relationships with their customers. The business offers various products but mainly concentrates on raw materials, industrial tape, fasteners, and electronics. In addition, the business is an approved 3M distributor for general industrial, health and safety, and aerospace products which hasn't been exploited and is an area where significant growth could be achieved; the distributorship would transfer to a new owner The company's success results from long term relationships and certain niche product segments. The strengths of the business are their qualifications, reputation, experience, and competitive pricing. The seller does not believe his leaving the business will impact revenues as the businesses name is the brand.
The business is conducted electronically and doesn't advertise outside their contacts with the military and while they do not have a website, their military customers are aware of the company's email address and fax number and many inquiries come through these mediums. Significant growth could be achieved by marketing the business to new, non-government businesses locally, aggressively market 3M products, and make an effort to develop business at Camp Pendleton which is currently non existent.
The business operates in a competitive market involving hundreds of small businesses attempting to sell to the federal government. The company's success results from long term relationships with certain buying areas and certain niche product segments. The strength of the business is their qualifications, reputation, experience, and competitive pricing.
The Business operates Monday Friday 6:30 am to 5:00 pm. There is one full time (owner) and 2 part time employees that earn $15 per hour and receive 2 weeks paid discretionary time per year.
The seller and 2 part time employees would be willing to stay during a transition/training period. Retention of the 2 part time employees would have to be negotiated. The seller intends to retire but would be available to assist/consult beyond the training/transition period.
The office is located in an Industrial complex in North county San Diego CA. The office space is roughly 400 sq ft and the warehouse space accounts for 1000 sq ft.