Established in the early 1980's with a product developed by the owner the business now sells over 300 products throughout the country, to office product retailers, through Grainger, Amazon , and other outlets.
The company identity is that it sells ergonomically friendly products-their initial products were quite innovative and manufactured in the US (and still are); they have since added hundreds of products manufactured elsewhere.
The loss of a major customer (customer sold/merged with a competitor) significantly impacted sales and profits. In the wake of a drop in sales and profits the company borrowed money to finance operations .
Prospects based on increased marketing and sales are good-but working capital is needed to finance the purchase of inventory.
Ideally the company owner wants an investor to provide working capital and finance growth.
Sales over the past five years have ranged from $2,127,661 (20130 to $914,814 (2017).
EBITDA -including officer comp. has ranged from over $500,000 in 2013 to about $225,000 in 2017.
Sales are down in 2018. The owner-in addition to ramping up sales efforts-has reduced operating costs. The response to sales efforts has been positive.
About the Business
Contact the Seller
- Grant, Minnesota
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
- Not Disclosed
- Lease Expiration:
3000 s.f-warehouse and office
Other office supply chains-however subject company specializes in ergonomic products
Growth & Expansion:
Lots of potential.
About the Sale
- Reason For Selling:
- Seller Financing:
- Ad Detail Views: