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Phone: 631.390.9650
Fax: 866.515.6773
Email: info@nybbinc.com
68 South Service Road, Suite 100
Melville, NY 11747
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Wholesale Lock and Security Products Distributor
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Listing ID: 60357
NY |
This company is a distributor of quality lock and security supplies. The firm carries an extensive assortment of products from major manufacturers in the locksmith and security industry. The customer base varies from small retailers to large corporations.
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| Listing Details |
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| Industry Description : |
Service Establishment Equipment and Supplies Merchant Wholesalers |
| Title: |
Wholesale Lock and Security Products Distributor |
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Listed Price:
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$560,000 |
| Down Payment : |
$300,000 |
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Total Sales :
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$1,100,000 |
| Owner Cash Flow : |
$210,000 |
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Fixtures, Furniture & Equipment:
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$50,000 (Included in listed price) |
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Inventory:
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$300,000 |
Financing / Terms:
Financing available for qualified buyer. |
Reason for Sale:
Seller wants to retire. |
Training & Support:
The Seller will provide 1 month (40 hours per week) of training and an orderly turnover to the new owner. Additional long term training/consulting (up to 3 years) may be available from the Seller, if required, for an additional fee. |
Disclaimer
New York Business Brokerage, Inc. does not give tax, accounting or legal advice. Prior to finalizing an agreement to purchase a business, it is the purchaser's responsibility to make an independent verification of all information. NYBB, Inc. is not responsible for the accuracy of any information presented. |
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| Executive Summary |
Business Description :
This outstanding business has the following attributes: Large diverse national customer base, ability to fill very large orders quickly, exceptional customer service, scalable business with tremendous growth opportunities, proven track record of profitability. |
Historical Summary:
Business was established over 20 years ago and continues to have an excellent reputation for quality products at competitive prices. |
Owner Qualifications :
Qualified buyers must have the financial capacity to consummate the transaction, have a very high credit rating and posses the business skills and acumen required to successfully operate the business. |
Competition:
Some local competition exists but the company maintains a significant competitive advantage, due to its ability to satisfy virtually all of its clients needs for security products, especially on large orders that must be delivered quickly. |
Potential for Growth :
Outstanding opportunities exsist to grow the business as it's client base is national and the internet side of the business can be significantly expanded. |
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| Operations |
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Year Established:
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1983 |
| Year of Last Acquisition: |
1983 |
| Form of Ownership: |
C-Corp |
| Days & Hours of Operation : |
M-F 8:30 am to 5:00 pm |
| Number of Employees : |
3 FT / PT |
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| Location |
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Relocatable:
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YES |
| Type of Location |
Commercial |
| Square Footage |
2500 |
Facilities / Location Description
The business occupies a 2,500 square foot free standing building which includes warehouse and office space. The monthly lease payment is $3426. The current lease term concludes on January 31, 2010. A new long term lease can be negotiated with the landlord or the business can easily be relocated. |
| Monthly Rent: |
$3,426 |
| Lease Expiration : |
1/31/2010 |
| Option: |
None |
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