|Wholesale POS Distributor|
North CarolinaListing DetailsOffice ID: DIST14
Listing Broker: Joe Vagnone
Listing Price: $375,000
Gross Revenue: $2,335,142
Cash Flow: $124,213
Inventory Included: No
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller would consider some financing to the right, qualified buyer.
Reason for Sale:Seller is retiring and pursuing other interests.
Training:Seller will stay to train a new owner for a transition period - length of time is negotiable.
OperationsYear Established: 1986
Form of Ownership: C Corp
Employees (full-time): 1
Employees (part-time): 1
Business Hours: 8 am – 5 pm Monday through Friday
Business Description:Overview: This well-known and reputable company is a nationally and regionally recognized award-winning distributor of top-quality POS products and accessories. Widely known for speed, efficiency, and exceptional quality and service, this company’s sales exceed $2M per year. Company Strengths: · Positive and long-standing reputation as the most reliable distributor of POS products and accessories on the eastern seaboard · Recurring revenue with approximately 200 active customers · Outstanding ability for customer retention in a constantly changing market – some have been customers for 34 years. · Experienced and knowledgeable sales and shipping team. · Strong relationship with the industry’s leading manufacturer, having represented this manufacturer for over 20 years, and being their 2nd largest distributor for the last 12 years. · In business for 34 years in a very competitive market. Perfect Opportunity for: · A strategic buyer or individual investor seeking a platform business for future growth and expansion. For more information, please inquire today.
Historical Summary:This business began in 1986 with the current owner. Has represented the industry's leading manufacturer for over 20 years.
Owner Qualifications:Product knowledge, good at sales and customer service, problem solving, attention to detail, marketing, basic business and computer skills.
Competition:This business acknowledges 3 competitors and competes on the basis of superior quality products and price.
Potential Growth:Potential growth is limited only to a new owner's creativity and marketing.
LocationType of Location: Stand Alone
Square Footage: 6000
The building where the business currently resides is owned by the seller, and is far too much space to operate this business. A new owner could rent the 6,000 SF currently required to operate the business to a new owner.
Last Updated: Mar 20, 2020 / 11:07 AM
Financial Information Current as of: Mar 19, 2020 / 2:12 PM