Computer/office products distribution

Contact Seller

Business Description

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

Year Established:
1983
Number of Employees:
3
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Rate:
 Not Disclosed
Lease Expiration:
8/31/2019
Facilities:
3000 s.f-warehouse and office
Market Outlook/
Competition:
Other office supply chains-however subject company specializes in ergonomic products
Growth & Expansion:
Lots of potential.
Contact the Seller

About the Sale

Reason For Selling:
Undercaptialization
Training/Support:
Included
Seller Financing:
Open

Listing Info

ID:
1539934
Ad Detail Views:
444
Asking Price:
$1,500,000

Gross Revenue:
$914,000
Cash Flow:
$225,000
EBITDA:
$225,000
Inventory:
$131,000
included in asking price

FF&E:
$250,000
included in asking price

Share this business:

Contact the Seller
$
months
Please confirm you're not a robot
Contact the Seller
Business Listed by

Bob Griesgraber

Opportunities In Business

 Show Phone Number

View My Active Listings
Sponsoring Broker:

Thomas Green
Opportunities In Business
License# 102872

U.S. Census Data for Ramsey and Washington Counties, MN
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Ramsey and Washington Counties, MN
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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. See our full Terms & Conditions.
;