Plumbing Supply and Consulting Company
Michigan
| Asking Price: |
Gross: |
Cash Flow: |
| Undisclosed |
$3,705,499 |
$437,424 |
Furniture and Fixtures Value:
$50,000 (included in the asking price)
Inventory Value:
$1,708,175 (included in the asking price)
Business Summary:
This wholesale plumbing supply company offers a wide range of products such as showerheads, toilets, sinks, bathtubs, valves, faucets, boilers, water heaters, and air conditioning and ventilation products as part of its product portfolio. The Company prides itself on offering top-of-the-line products sourced from reputable suppliers, including brands such as Delta Faucet Company, Charlotte Pipe and Foundry Company, Bradford White Water Heater Co., Moen, Inc., Gerber Plumbing Fixtures, LLC, and more.
Over the years, the Company has grown a network of loyal customers that consists of small plumbing and heating businesses, as well as individual contractors. The Company utilizes a standard in-house delivery route allowing quick delivery services for customers placing weekly orders.
The Company is a family Business that was founded in the 1960s. There are currently 3 owners that are actively involved in the Business working approximately 40 hours each week doing administrative tasks, communicating with customers, and managing employees. Each of the owners are committed to ensuring a smooth transition for the new owner(s) and are willing to continue working at the Company 1+ years post sale.
The Company operates out of two facilities. The first facility is owned by the Company and is 21,385 square feet with office, warehouse, and loading dock areas. The second facility is leased through an unrelated third party and is a 2,400 square foot showroom.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email [email protected] and request a PDF version.
Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you by the project manager.
IF YOU DO NOT RECEIVE A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email [email protected] for support. Thank you in advance!
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| Year
Business was Established: 1960 |
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| Number of Employees:
6 FT / 1 PT |
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Facilities / Terms of Lease:
The Company operates out of two facilities. The first facility is owned by the Company and is 21,385 square feet with showroom, office, warehouse, and loading dock areas. The second facility is leased through an unrelated third party and is a 2,400 square foot showroom. |
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Potential
Growth/Expansion:
Growth Opportunities Include:
(1) Geographic Expansion
(2) Broaden Product Offering
(3) Grow Workforce |
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Competition:
Investment Highlights:
(1) Well Established Reputation
(2) Long-Standing Customer Base
(3) Significant Inventory |
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Owner
willing to finance:
Limited Seller-Financing Available for Qualified Buyers. |
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Owner
willing to train:
Ownership is willing to provide reasonable and customary transition assistance and is committed to supporting the Company's continued growth and its employees throughout a transition period. |
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Reason for selling:
The owners are preparing for retirement. |
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| REQUEST MORE INFO |
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