Industrial Sensor And Control Distributor In Michigan For Sale

Business description

This business has grown 35% in 2011 over the previous year and the growth is continuing in 2012. After nearly 30 years of successful operations, the owner of this attractive 50 year old southern Michigan distributor of industrial products has decided to sell his business and retire.

The company supplies a wide array of electronic, pneumatic, and hydraulic controls and sensors to industry, with a customer base located in both Michigan and across the nation. The majority of the business (70%) results from sales generated as a national master distributor of high end electronic sensors. Even though sales of these sensors have soared over the past three years, the owner feels he is only scratching the surface of what could be achieved with more aggressive marketing and advertising efforts.

The business operates out of a very attractive ten year old 20,000 square foot facility built by the seller expressly for his business. The facility is available for lease at a highly favorable rent of less than $3.00 per square foot, with total rent comprising just over 3.0% of sales. In addition, the facility has ample space to handle significant growth in business activity.

A strong, conscientious team of seven loyal, non-union employees oversee day to day activities while the owner of the business works his way toward retirement. With a jaw-dropping 50% gross margin, the company generated an impressive SDE of over $460,000 in 2011 and has even greater expectations for 2012. The business is being offered for $1.5 million which represents a competitive 3.25x Sellers Discretionary Earnings. Inventory of approximately $350,000 is additional. For qualified buyers, a meaningful seller note could be available.

Proof of funds and a confidentiality agreement will be required. Please contact Glen Toadvine for further information about this outstanding business opportunity.

Business Operation

Reasons for selling:

Retirement

Other information

Support & training:

Provided

Financing available:

Negotiable

Inventory / Stock value:

$350,000