UNDER CONTRACT – STEEL DISTRIBUTOR – 40+ YEARS IN BUSINESS FOR SALE
Industry: STEEL DISTRIBUTION
This multi-location steel and distribution business has been a pillar in the Arizona market for over 40 years. The company specializes in providing steel, steel hardware, and basic iron working services (steel cutting and sheering) to a large roster of both retail and wholesale customers.
The business has differentiated itself over the years based on customer service, inventory levels, and inventory selection for its customers – ranging from do-it-yourselfers to multi-national corporations. Additionally, the Company operates with highly skilled, trained, and tenured employees that work at both Company locations.
In 2017 the company grossed $3,617,844. 2018 revenues increased to $4,217,430, and 2019 continues to trend positively with annualized revenues of $4,835,802. The current represented revenue and cash flow are based on an annualized period of October – June with the fiscal ending in September.
There is plenty of additional capacity in place to service long term growth plans and over $400,000 of equipment included in the asking price. The seller is looking to retire and will sign a non-compete agreement as well as help train and transition new ownership.
PROOF OF FUNDS ARE REQUIRED PRIOR TO ANY BUSINESS INFORMATION BEING RELEASED
Asking Price: $3,850,000
Gross Income: $4,835,802
Down Payment: $3,850,000
Cash Flow: $1,112,225
FFE: $435,000 (Included in Price)
Reason For Sale:Retirement
Training & Support:The seller is willing to train, the time frame is negotiable
Year Established: 40+ Years
Days & Hours of Operation: Monday - Friday
Owner Hours Per Week: 40
General Location: ARIZONA