Business Summary:
This extremely profitable supply house was founded in 1988. It is located on 4 acres on a main road with access to multiple highways. It is a leading supplier of water, sewer, drainage and highway materials to the highway, municipal, contractor and excavation markets in the Hudson Valley of New York, Eastern Connecticut and Northern New Jersey. Hours of operation are Monday - Friday, 7AM - 5PM. Business has an excellent management team in place. They have about 12 employees, 4 of which who work in the office. Business can almost be run semi absentee. Owner takes a lot of vacations. When working, he comes in between 9:30 - 11AM. Owner's wife works around 3 hours per day. She does some bookkeeping including payroll, sales tax, and following up on accounts receivable. Accounts Receivables of $1,000,000 and Inventory of $1,000,000 come with the business. Fantastic business and cash flow. It won?t last long.
|
|
|
| Competition:
Competition exists but is not an issue. Two competitive advantages that set them apart from other supply houses are their one stop shopping and their large inventory. Due to the many product categories that they carry, a customer can buy almost all his supplies from one vendor, them. In addition, because they maintain such a large inventory, they can generally deliver most items within a few days of receiving an order, unlike other supply houses that take up to two weeks to deliver such items. |
|
