For nearly 35 years this company has been an industry leader in the design and retail/wholesale value-added distribution of high quality imported home and kitchen products. For the past 10-years the company has grown substantially under the stewardship of a new innovative partnership team. The new owners (two partners) have imaginatively maintained the rustic quality of their products Great North West heritage, while successfully updating product design to appeal to the finest homes and kitchens throughout all of North America and parts of Europe. Their products are traditional & classic in design & function, thereby mitigating both style and product obsolescence risk.
During the recent decade, the new ownership has enjoyed a doubling of their gross revenues, while net profits have spectacularly soared by nearly 10-fold to a current EBITDA of $1.75-million. Company profits continued to grow throughout the recent great recession. The impressive growths in profits and continued success have been in spite of the 2-partners spending much of their time and efforts with outside activities: managing their personal commercial real estate portfolio.
Given its critical importance, the owners have diligently worked to achieve a reliable high quality import supply chain. They’ve established both vendor diversity & redundancy along with significant geographic diversity with multiple suppliers in 5-nations. Today, after a decade of carefully cultivating a choice group of Asian sources, they proudly call their manufacturing suppliers “one of our greatest and most important company assets. Today they enjoy both a dependable supply chain along with an extraordinarily closes sales relationship with many of the nations’ top retailers.
The business has now out grown the capacity of their current warehouse. As such, they are now limited on the amount of product they can deliver relative to ever growing demand. At a recent major trade show, they were overwhelmed with inquiries from new retailers, but are unable to support the demand without moving to a new larger warehouse, which they believe is unwise during this sale process. They recognize that a new owner may choose a different venue for a new warehouse. Even given the Company’s phenomenal growth there remain a number of clearly obvious growth strategies that can be employed by a new highly energized ownership team; many of these are outlined in our Confidential Information Memorandum. .. One of the 2-partners (the two are childhood friends) is suffering from an increasingly debilitating disease that is the motivation for them to sell.
• Enormous Growth Potential – Warehouse limitations are severely inhibiting added sales even as demand grows; additional products are readily available from suppliers.
• EBITDA of $1.75 million - with zero debt on the Balance Sheet
• A/R – Bad debts of less than ¼ of 1% cumulative over the past 10-years
• Amazon – additional retail sales-channel via Amazon where they enjoy extraordinarily high margins and a pristine 5-star multiyear reputation
• Supply Chain –10-year problem free history- with redundancy
• Distribution Channels – many national & international retailers
• Quality/Price – Highest Quality, High Margins, Very Competitive Pricing
Operating Expenses – Extremely low operating expenses-essentially zero product returns
For more information, please visit www.SunbeltCa.com to print or complete a Confidenti
Asking Price $10,500,000
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