SOLD! Wholesale Furniture & Durable Goods Distributor – NJ

Price: $1,250,000

Location: Northern, NJ - Relocatable

Industry: Wholesale and Distributors

Listing ID: P05172022

SBA Pre-Approved! This business is a well-established wholesale distributor of commercial and institutional furniture and related durable goods to K through 12 public schools in the state of New Jersey for the past 46 years. The business generates excellent cash flow with few moving parts and a small footprint.

The company utilizes a manufacturer’s purchasing cooperative, selling furniture and related school equipment, including desks, chairs, tables, stands, shelves, carts, projectors, and more to recurring and new clients via catalog and outside sales efforts. The company has an excellent reputation for quality service and reliable supply. All products are dropped shipped and they maintain no inventory with very low overhead.

The business is managed by the owner with one outside salesperson and two office assistants. There is plenty of room to grow sales with additional sales efforts.

  • Gross Revenue: $2,500,000
  • Annual Cash Flow: $480,000
  • Price: $1,250,000
  • FF&E: $5,000

The owner has been very successful and is ready for retirement after 46 years running the wholesale distribution business. The business can be relocated, incorporated into an existing operation or taken over as is and continue with existing office & staff.  Seller will assist with ownership transition after the sale.

Listing Details

Gross Revenue: $2,500,000

Cash Flow: $480,000

FFE: $5,000

Lender Pre-Qualified?: Yes

Terms and Conditions?:

20% down, SBA Financing Pre-Approved

Reason For Sale:

Owner is ready for Retirement

Training & Support:

Seller will provide training and support after the sale.

Operation

Year Established: 1976

Employees: 3

Location

Monthly Rent: 2160

Type of Location: Office space

Square Footage: 1000

Relocatable?: Yes

Facilities Information:

administrative office space in retail office center with easy access.

Summary

Historical Summary:

Established for 46 years serving the public school system in the state of New Jersey with consistently strong sales and earnings.

Potential Growth:

There is strong growth potential with expanded marketing efforts as well as ability to diversify product line.

Financing/Terms:

20% down, SBA Finance Pre-approved