Retail Industrial Supply Business For Sale

Business description

'Just Reduced' Founded in 1977, this business provides sales and service for local industry. 60% of sales are due to power transmissions, gear boxes, sprockets, chains and bearings. 10% of revenue is from air products, cylinders, valves, fittings and tubing. 20% of revenue is from the sale of industrial supplies, such as drills, taps, sand paper and cut off wheels and the remaining 10% is due to hydraulics. With a regular customer base of 200 and 95% are from repeat business, this is a very stable company with a good name and reputation and diverse product line that prides itself on its excellent customer service and could be operated as either “hands-on” or absentee. Located in beautiful Eastern WA, the county’s population is over 200,000 and the area is about 165 miles from Seattle with a local economy based primarily on agriculture.

Property information

Location:

Located in beautiful Eastern WA, the county’s population is over 200,000 and the area is about 165 miles from Seattle with a local economy based primarily on agriculture.

Premises details:

One leased building with 10,000 total square footage on 1 level and in good condition. This business could be relocated if preferred, but it is in an excellent location on downtown city street in a fairly high-trafficked area with good visibility.

Size in square feet:

10,000 total square footage

Other information

Expansion potential:

Growth and expansion could be obtained by expanding the territory and product line. There is great potential for expansion.

Competition / Market:

There is some local competition.

Support & training:

The current owner is happy to stay on through a reasonable transition period to acclimate the new owner to the business, employees and clientele.

Reasons for selling:

The current owner has other interests after owning this business for many years.

Furniture / Fixtures value:

$400,000 (included in the asking price)

Inventory / Stock value:

$160,000 (included in the asking price)