Profitable Established Hardware Wholesaler To The Trade For Sale

Business description

We are offering a 13+ year old Cabinet, tops, sinks, faucets and hardware wholesale business for sale. Customer base includes K&B stores, developers, contractors, designers, fabricators, etc. We have exclusive rights to territory for two product lines and more could be negotiated.
We are the approved Nassau & Suffolk cabinetry supplier for 5 Costco stores, to start soon. A completed buying website was established in 2009, and a product information website is live for 13 years. Our products have been featured in "Remodeling Today" & "Remodeling News" magazines, TLC channel for 2 kitchens, and the future series "The Cooking Odyssey" filming soon.
This business is a good fit for an expanding company with similar interests or a smart business person looking for profit margins in the 28-75% range.
Our current showroom is in Suffolk with talking plans for a Nassau showroom to be added for Costco customers. The building we run operations from, is available for sale with or without the business. Inventory is included as well as 1-2 trucks for delivery.

Property information

Real Estate:

Real Property Included

Location:

Major local street in between two major towns. Located on a corner before a traffic light, next to a gas station and across from strip stores.

Premises details:

The business is in a concrete building with a main floor and a lower office level. The front is stone and glass.

Size in square feet:

3000+

Other information

Expansion potential:

The Costco showrooms will offer an extreme possibility for increased business in the coming years. Our plans would be to open a Nassau location for convenience to the Costco consumer. This location has been discussed with a current landlord for our wharehousing and shipping of cabinetry and sinks. The fairly new sink website needs promotion to increase sales, but has been experiencing increased hits monthly (over 440 in September 2009) .

Competition / Market:

A New York business faces constant competition, which has led all pricing of our products to be lean and mean. Our buying power with competitive pricing has kept us profitable for 13 years.

Support & training:

Cabinet supplier training is offered weekly. Owner willing to train the management position for 3 months if needed. Transition period is expected for up to one year if needed.

Reasons for selling:

Planning retirement and move to a new state or country.

Trading hours:

8:30-5pm Mon-Fri Saturday by appointment only

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

All offers will be considered. Financing to 50% for right buyer.

Furniture / Fixtures value:

$85,000

Inventory / Stock value:

$30,000

Website:

www.directsinks.com/ www.directcabinets.com