Excellent opportunity to purchase a well-established, turnkey commercial and industrial plumbing supply company in central North Carolina. Company has served area school systems, government entities, universities, hospitals and local residential and commercial plumbing contractors for decades. Known for their knowledge and customer service, new owner will purchase an in-place, experienced team and loyal customer base. Owner's role is the financial and executive manager, as there is a general manager in place. Purchase price includes $950,000 worth of inventory.
Seller Discretionary Earnings includes a $55,000 rent charge. If the Buyer also purchases the facility, the adjusted cash flow would be higher by that amount, or $418,000 in the last twelve month period.
Lender financing up to 80%. Seller financing is available for up to 10% based on the terms and structure of the transaction and the buyer's financial strength.
2018 financials are Last Twelve Months (11/1/17 to 10/31/18)
Well-suited and easily accessible facility is available for purchase for $550,000 or for a NNN Lease for $55,000/year. The Real Estate comprises a ~2 acre parcel and an approximately 12,400 square feet building (warehouse approximately 10,000 square feet and office space approximately 2,400 square feet).
Significant opportunity exists to grow company through multiple avenues: an increased web presence, internet sales and in-house inside and outside sales.
There are a few other plumbing supply businesses in the area. Most either focus on consumer plumbing supply, or commodity commercial supply.
Will train for 4 weeks @ $0 cost. The company sells predominantly American manufactured commercial and industrial plumbing, pumps, pipe, valves, fittings, tools, boiler equipment, water heaters, sewage lift stations and equipment as well as other related items. It does quote jobs by request.