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Description

Summary Description
Well established industrial distributor specializing in hose, hose fittings, pipes, fittings, valves and more.  Located in Southwestern Ontario, this profitable business distributes industrial goods applicable to a variety of industries.   They are well run and have a team of loyal employees which makes them one of the most successful distributors of industrial components of its type in the region.  They offer unparalleled access to a variety of brands and unique products.  Customers include major industrial companies, contractors, and utilities.  This business operates from a beautifully renovated approx. 3,085 sqft leased premises situated in a convenient location.

Covid-19 has not adversely affected the company’s financial performance.  If fact, systems and business improvements established over the past few years are starting to result in both top line sales and profitability increases.

General Information
Year Established: 1994
Employees: 5
Facilities: The business is conveniently located near major traffic arteries. The approximate 3,085 sqft of office is well laid out to handle stock and warehousing, office area for administration, plus on-site parking. Furniture, fixtures, equipment, are included in the price.

Market Outlook
Competition: Quality, loyal and growing client base.  Brands and lines carried allow them to compete with just about any local or non-local competitor.

Growth and Expansion: Revenues have been steadily increasing over the past couple years with limited advertising. The business has not aggressively pursued new customers; they have serviced their existing relationships and primarily have obtained new customers through referrals.  Client base is ideal for someone wishing to start a wholesale and distribution business or an existing wholesale and distribution business looking to add or build a presence in this part of Ontario.

Property Id : 19424
Business Asking Price: $650,000
Including: Furniture, Fixtures & Equipment: $120,000 Inventory: $100,000
Gross: $1,030,000
Seller’s Cash Flow: $310,000
Listing ID: LBBO36
Support/Training: Owner will provide a smooth transition.
Financing: Seller will finance for qualified Buyers
Reason for Selling: Retirement

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William Sivell