Multi State Wholesale Distribution Company For Sale

Business description

This wholesale distribution has been in business since 1972 and owned by current owners since 1987. Current owners have turn the day to day oversight over to good management in preparation for the sale of the company. Territory is parts of seven states: South Dakota, North Dakota, Minnesota, Iowa, Nebraska, Kansas and Wisconsin. Could be relocated to another location in this territory. All routes are run out of the one location so it is important to be somewhat central. They have about 160 active customers. Most of these customers have been customers for many, many years.

Property information

Real Estate:

Real Property Included

Location:

The real estate is owned by the sellers. The building is 8800 sq ft. It is adequate for current sales volume but has room to expand in the future. The business has been at this location for 21 years. In 2000 they added climate controlled offices and garage space.

Other information

Expansion potential:

This business will grow via retail growth in the territory. The main customer has very large expansion plans, especially in Minnesota, in the next several years.

Competition / Market:

There is no significant competition in their territory. The product is exclusive enough that there is not competition.

Support & training:

Will train for 8 weeks @ no cost

Reasons for selling:

Retirement

Trading hours:

Mon-Fri 7am-5pm

Owner financing:

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

Financing available:

$2,250,000 down/$450k for 36mo @ 8%

Furniture / Fixtures value:

$297,706 (included in the asking price)

Inventory / Stock value:

$55,000 (included in the asking price)