Description About This Posting: Wholesale Industrial Parts Distributor
The founder of the company died in 2017. In March 2019, his widow, who works in an unrelated field, inherited the company. She is currently the sole
owner, president and CEO. Although the company realized consistent $3 million to $4 million annual sales when the founder was alive, sales have not been as strong since his death. The company was tied up in estate issues for almost two years which caused business declines.
The leadership has continually maintained certifications with key local, regional and federal agencies in small business, disadvantaged, minority and now, woman-owned categories.
The company has wonderful ability to achieve daily operations without owner involvement. A good-fit buyer would be sales-centric and have capacity to grow new customer relationships while nurturing long-term ones.
This is a perfect fold-in or add-on to current successes as a growth conduit through horizontal integration.
The following are investment considerations:
-respected brand with 40-year history
-industry-known as providing exemplary service
-marquee supplier and customer lists
-minimal capital investment required to achieve and regain significant sales
-proven business systems and procedures in place
-process secrets to maximize customer growth
-absence of lease commitment on facility
NAICS Code 423830
2019 through July Revenue $501,449
2019 through July SDE $2,095
2017 Revenue $1,835,437
2017 SDE $138,886
2016 Revenue $2,160,790
2016 SDE $268,253
Do not hesitate! Owner is highly motivated as she has other business demands under her own pursuit. This is a great opportunity to recoup a small investment within months for the right buyer.
To get more information about this Wholesale Industrial Parts Distributor business for sale in
Los Angeles County please phone Margot Murphy, CBB (Intermediary, Broker - BRE License #:00977254) at 949-630-5577 Cell and 949-630-5577 Text - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #253316 on BizBen.com. In addition to phoning
Margot Murphy, CBB, make sure you email Margot Murphy, CBB above to get more info about this
Wholesale Industrial Parts Distributor, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both platforms. I consult daily with business buyers, owner/sellers, and intermediaries daily about buying and selling businesses. Reach me direct at 925-785-3118.
Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972.
New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
In my experience working with the "right banks and financial institutions" repayment ability sometimes overrules collateral pledged by someone needing financing for a business purchase or a down payment. Peter Siegel, MBA (Business Purchase Financing Expert) at 925-785-3118 shares his experience.
What are the actual "provable" adjusted net earnings (cash flow) of a small to mid-sized business being purchased? Buyers need to look carefully at all financial info for the "real" adjusted net income/cash flow. Peter Siegel, MBA (BizBen ProBuy & ProSell Lead Facilitator) at 925-785-3118 explains.
When seeking business acquisition financing, it helps to review a seller's addbacks as a source of funding to service the debt service. But explain them correctly. Peter Siegel, MBA business acquisition financing expert and advisor at 925-785-3118 covers this topic on financing a business purchase.
Should owners who offer a business for sale reveal to prospective buyers any income that is not recorded in the books? This is a controversial topic with arguments both for and against. Most business sales intermediaries believe if you don't pay tax on it, you can't claim it. Some sellers disagree.
Live Workshop For Business Buyers: Find Small Businesses Possible For Sale Not On The Market. This Workshop Is In Southern California. Every Month On Saturdays - 1:30 PM to 4:30 PM. Call 805-428-2063 to RSVP. Willard Michlin, CPA will be presenting this workshop. Click On Link For Schedule & Times.
Before buying a business, all serious business buyers should ask themselves some key questions about possible buying a small California business, franchise, or opportunity - from Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program Advisor with BizBen) at 925-785-3118.
Purchasing a business with no money down can be difficult, but not impossible. Financing a business purchase or down payment can often be accomplished with these strategies from Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program Advisor with BizBen) at 925-785-3118.
When selling a small to mid-sized business, owners should have their paperwork and financial information ready to go! They should also have a short business plan of past history, current operations, and potential for the future. In this BizBen Discussion several advisors and intermediaries weigh in.