Profile: Industrial Supply Company With Real Estate For Sale.
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$775,000 |
| Down Payment: |
$300,000 |
| Annual Revenue: |
$1,033,827 |
| Annual Adjusted Net: |
$182,921 |
| Price Range: |
$500,001 to $1 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
Yes |
| Bkr To Bkr Coop: |
Call |
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Description:
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This Business Has Been The Main Industrial Supplier In The Most Industrial Area Of Long Beach For Over 60 Years. Some Of The Long Term Customers Are Local Municipalities And Area Refineries. This Is A Heavily Stocked Business Which Maximizes Its Potential With Over 40,000 Items To Offer. Inventory Is Not Computerized Which Is An Opportunity For A Buyer To Streamline The Inventory Flow And Increase Profitability. The Owner Is Retiring And Available To Work With Buyer For An Extended Period Of Time If Needed. The Price Of The Goodwill Is 445,000 And The Inventory Is 350,000 = 785,000. This Type Of Inventory Only Appreciates In Value The Longer It Sits On The Shelf Factoring In Inflation And The Rising Cost Of Freight. The Owner Also Owns The Building And Is Offering A Very Reasonable Lease Of 2800/Mo. Or The Real Estate May Be Purchased For Its Appraised Value Which Is Around 785,000. The Current Owner Is Offering Financing To Qualified Buyers Up To 500,000.
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