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Industrial Supply - Oilfield, Govt, Transportation and Agriculture
Wholesale and Distribution - Wholesale and Distributors | Building and Const. Services - Other Services
| Asking Price: | $330,000 | Inventory: | $170,000 ** |
| Gross Revenue: | $605,000 | Real Estate: | n/a |
| Cash Flow: | $60,000 | FF&E: | $35,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Established in 1953, and family owned and operated since inception, this business is an institution in the Ventura County area. Very well respected within the community. The business provides a wide range of hoses, hydraulic fittings, compression fittings, custom made hoses and cables. An industrial supply house that has a large number of government and oilfield customers. A comprehensive parts inventory (added to the sales price), plus numerous hydraulic hose presses, and other critical tools are included in the sale. Don't be mislead by the age of the business though, the computer inventory control system is in place, tracks all inventory movement, cost of sales, reorder points, and is very easy to use, and accurate. A phenomenal opportunity for someone to benefit from the 50+ years of the family building and maintaining this very lucrative business. The owners are second generation, and are eager to retire. No succession plan within the family forces the business to be marketed for sale.
About the Business
Year Established:1953
Employees:3 full time - 1 part time
Facilities:Approximately 7,000 square foot Leased facility with easy freeway access and good visibility in trade area. Good lease, may be renegotiated for fresh five year, plus five year option. Rent is currently $3500 per month. All fixtures, tools and equipment needed are in place and in serviceable condition.
Market Outlook and Competition:This business was established in 1953. It enjoys a strong market presence and has a strong image within the industry.
About the Sale
Management Training and Support:Seller will train as needed. 2 months at 80 hours per month. As needed after that.
Reason For Selling:Business has been family owned and operated since it began in 1953. Seller is second generation and there is no succession plan. Seller is retiring and is ready to sell business.
Seller Financing:Negotiable
KEYWORDS: Industrial Supply, Hydraulic hoses, Government suppliers, transportation, Agriculture supply, Ventura business
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Industry: Wholesale and Distribution
Segment: Wholesale and Distributors Next Listing: Seeking Equity Partner
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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