Tools Distributor in San Francisco Bay Area.

Title: Long established Tools Distributor.
Asking Price: $185,000 2015 Revenues: $1,500,000 2015 Adjusted Cash Flow: $122,000
All Furniture Fixtures & Equipment is included in the above price.
Buyer to also pay for Inventory: $184,000 AR: $60,000 AP: $30,000 (Additional $214,000 approx.)

(Industry: Machining Industry)

This company was established about 65 years ago, has been in the family for almost 50 years, and under current owner’s ownership for the past 11 years. Company is a distributor of Tools needed for machine shops. Business has done consistent business over the years and has steady, repeat customers.

This opportunity would be ideal for an individual with sales background and good customer service skills. It will also be ideal for another company to acquire.

The offering includes all equipment free and clear of all liens. Buyer is expected to pay for and take the Inventory, AR, and AP in the amounts of $184,000 in Inventory and approximately $60,000 in Accounts Receivable and buyer’s assumption of approximately $30,000 in Accounts Payable (Net $214K value).

The asking price is a very reasonable multiple of the SDE.

SBA loan is possible for a well-qualified individual with good credit, background, and 25% down payment.

They are currently housed in a 4,200 SF leased facility with the monthly lease payment of $2,500 plus NNN.

Owner is willing to help with training and transition. Owner will sign a non-compete agreement.

Owner wishes to sell the business in order to retire.

Posted May 2, 2016

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