Branded Kitchen and Bath Distributor and Online Retailer

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Background

BizEx ID:BizEx1268-TB
General Location:Los Angeles, CA
Category: Bldg Materials, Home & Garden
Home Furniture & Furnishings
Years in Business:17
Under Present Owner:17
Hours of Operation:Monday-Friday 9-5
Owner Hours:Monday - Friday 9-5
Training:12 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:N/A
Lease Options:YES
Building Size:8000
Employees:11
Reason for Sale:Retirement

Financials

Asking Price:$7,500,000
Down Payment:Negotiable
Gross Sales:$8,197,000
Discretionary Cash Flow:$1,022,000
FF&E:$70,000
Inventory Included?No
Inventory:$2,408,000
Min. Operating Capital:TBD
Real Estate Available?Yes
Rent:$20,000
Payroll:$44,800
Financing:SBA

2017 2018 TTM
Gross Sales $ 8,257,000 $ 8,633,000 $ 8,197,000
Gross Profit $ 3,843,000 $ 3,725,000 $ 3,649,000
Disc. Earnings $ 1,366,000 $ 1,065,000 $ 1,022,000

Description

Business for sale is a nationwide B2B wholesale distribution / eCommerce company with its own house brand along with a complimentary B2C online retail company in the Kitchen & Bath decorative plumbing fixture industry.

This well-established 17 year old business has a strong portfolio of B2B retailers including Home Depot, Lowe’s, Amazon, Wayfair , Houzz etc. as well as an end user database of 35,000 B2C customers.

Both companies have a wide range of products to complement each other and allow for cross selling and the range can be expanded further to fuel growth. Target market is upscale renovation business.

Significant investment in the house brand such as catalogs, price books, brochures, flyers and other merchandising and marketing materials have already been made which would also support future sales growth.

They have developed steady, long term supplier relationships that positively impact cost, delivery and service quality.

It is a lean organization with only 11 employees and minimal overhead. Their facility can support growth and expansion.

The companies have an excellent sales and financial reporting system with full transparency which would help manage the company and it’s growth.

Kindly register as a buyer at www.bizex.net and call Turhan Beriker at (310) 882 2200 ext 154 or e-mail at tberiker@bizex.net for further info.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Turhan Beriker
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 154
Direct: 310-882-2200 x154
Lic#: 02074377

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations