Mobile Hardware & Electrical Distributor

Price: $275,000

Location: Central Maine

Industry: Service Businesses

Listing ID: CM092821

This business was established in the 1999 and provides on-site sales and stocking of electrical connectors, shrink tubing, tape, nuts, bolts and associated hardware in the electrical, marine, trucking industries and other MRO operations.
The seller has a fully stocked truck that delivers to his accounts on a regular schedule. Customers know that they can rely on him to be there and many allow him to go into their stock area, see what components are needed and fill the order on the spot.
The sale includes a Mercedes Sprinter van that has custom-built racking that keeps components secure during transport while allowing easy access for filling orders.
Because the seller’s business model is built on personal relationships with key personnel at each customer site, he intends to stay on after the sale to make introductions and to work toward a smooth transition.

Listing Details

Gross Revenue: $315,000

Cash Flow: $100,000

FFE: $35,000

Inventory: $68,000

Training & Support:

Because the seller’s business model is built on personal relationships with key personnel at each customer site, he intends to stay on after the sale to make introductions and to work toward a smooth transition.

Operation

Year Established: 1999

Days & Hours of Operation: Monday-Friday

Employees: 1

Summary

Potential Growth:

The seller uses only a photocopied paper catalog and there is no online ordering available. Orders are received by email, fax and in-person visits.
The new owner could consider:
• Computerizing the catalog for online viewing.
• Creating a system for online ordering.
• Selling through other online portals, such as Amazon.
• Adding product lines to be more productive at each point of call.
• Expand into neighboring states by adding more vans and salespeople.