Importer Distributor Of Lighting And Electrical Supplies For Sale

Business description

The Company specializes in the import and distribution of lighting parts and related electrical supplies for original manufacturing and replacement. The Company has historically been highly profitable and could be substantially expanded without sacrificing margins. Revenue and recast earnings have been affected in recent years by the economy, owner’s ill health and a lack of marketing effort, i.e. no salespeople, sales reps, or website. The customer base is comprised of manufacturers of lamps and lighting fixtures, distributors, retailers, repairers and industrial end users. It relies on repeat business, catalog mailings, and referrals. The Owner believes that the Company’s stellar reputation, extensive product line, and the foundation that is in place provide an excellent springboard for future growth.

Property information

Real Estate:

Lease

Location:

NY Metropolitan Area

Premises details:

The Company is housed in a leased 6,000 square foot facility in the Greater New York metropolitan area and maintains a nearby 10,000 sq ft warehouse with area for offices. The 6000sq ft. facility can be moved into the warehouse facility.

Size in square feet:

6,000

Other information

Competition / Market:

95% of revenue is repeat business with well-established customers. 150+ active customers with none representing greater than 10% of sales. Excellent vendor network for reasonably priced quality merchandise.

Reasons for selling:

Owner seeking retirement