Commercial Building Materials Distribution Business For Sale
Established Business with Diverse Customer Base!
Worcester County, Massachusetts
Listing Number: 1528
Asking Price: $675,000
Gross Revenues: $2,000,000
A company that distributes and fabricates materials relating to commercial building construction and renovation is available for sale! This company has a longstanding history and stellar reputation in Eastern Massachusetts, and a diverse customer list, including general contractors, schools, hospitals and municipalities.
The current owner is primarily absentee and focused on his other business, and the company is still expected to gross over $2M in 2017 with an EBITDA of $400,000! Strong sales staff and warehouse/fabrication staff are in place for the continued success of the company.
According to industry report IBISWorld, over the five years to 2022, improved economic growth will bolster the Commercial Building Construction industry. Low unemployment will directly increase the need for more office space throughout the service sector and growing consumer spending will raise demand for restaurants and other businesses in the consumer discretionary sector. Over the outlook period, industry revenue is anticipated to grow at an annualized rate of 2.3%, to reach $229.5 billion.
Facilities: The business operates in a leased building (~5,000 SF). The next owner has the option to move operations to nearby available locations that have more space, allowing for future growth of the business. The building is on a main road in Worcester County, MA. The company has easy access to the highway, which is essential for delivery of products.
Growth & Expansion: Based on the current analysis, it more than likely possible that revenues can be increased significantly in several ways: expand offerings, larger radius, and larger sales force.
Employees: 5 FT
Financing: A qualified buyer should be able to obtain SBA financing with 20-25% down.
Support & Training: Management is open and willing to provide the next owner(s) with the training and support they need until they are fully confident to move forward on their own. .
Reason Selling: Other Business Interest