Electrical & Lighting Supply Company for sale in Cincinnati,, OH

Business Summary:
This well established company is a full-line wholesale distributor of electric parts and lighting supplies primarily serving Southwest Ohio, Northern Kentucky and Southeast Indiana. The company offers a broad line of products (over 3000 active SKU’s) that range from fuses to generators, and electrical boxes to smoke detectors. Its suppliers include many of the major manufacturers in the industry in lighting, switch gear, wire and all other required product lines. While the company has struggled during the current economic conditions, it has adjusted by shifting its focus from new construction to customers in maintenance and repair, along with municipalities and education. INVESTMENT HIGHLIGHTS: • Highly computerized systems in place for accounting and inventory / sales tracking. • Expense reduction has improved current operating results • For another company in its industry or related industry – a great opportunity for expansion of customers, territories and/or cross selling of products – along with potential cost savings on overhead duplication and improved volume pricing • New customer expected to help grow sales in 2010 by 10-20% • Excellent facility and location – Lease or purchase available REASON FOR SALE: The owner believes that it may be two years before the economy (construction) turns around. Rather than struggle for another two years, he believes a sale to another company would be beneficial to both the buyer and his desire to be removed from the struggle. PURCHASE PRICE: The business is offered at $800,000 including inventory of $650,000 and FFE of $75,000. The sale would be structured as an asset sale, free and clear of debt. The company’s facility can be leased (rent factor included) or purchased.