Business Summary:
A well established auto cleaning products distributor which is a great fit for a strategic buyer looking to expand through acquisition. Financial adjustments to 2011 P&L assume business is absorbed into the existing operating structure of an existing company. The business offers a wide assortment of products ie. Soaps, waxes, brushes, mats, air fresheners etc. covering all the needs of automotive care. Owner also does some light manufacturing (mixing chemicals & water) of all purpose cleaners to improve margins. Supplier base is focused on five or six important vendors to maintain key account status. In addition, the business has a distribution exclusive on their high end product with the manufacturer. Account base is spread through Northern/Central New Jersey and New York City. Purchase price includes all the accounts, computer system, warehouse equipment and two panel trucks valued at $25,000. Seller is spending full time operating a non competing business and is motivated to sell the distributorship due to conflicts with his on-site managing partner.Business can be purchased for $280,000. The owner will provide support for an appropriated period of time to insure a smooth transition. Separately, the property is for sale for $600,000 and the owner is willing to offer an option to buy with the sale of the business.For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
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