Industrial Parts Distributor - Prime Real Estate Separately Available

Cleveland, OH

Seller Financing Available

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Asking Price:$1,643,000
Gross Revenue:$669,181
FF&E:$30,000
Established Year:2000
Cash Flow:$409,650
Inventory:$900,000
Real Estate:$695,000
BUSINESS DESCRIPTION

Exclusively offered by Transworld Business Advisors of Cleveland Metro, Akron and Canton. "Unlock Unmatched Industrial Parts Excellence: Discover Rare Components, Extraordinary Profits, Your Path to Success Starts Here!" With Prime Real Estate separately available.

This premier Cleveland-based company specializes in the sale of new and used industrial parts, boasting an extensive and diverse inventory valued at over $7 million. Renowned as a one-stop destination for both manufactured discontinued parts and rare components that are otherwise challenging to source, the business stands as a beacon of reliability and resourcefulness in the industrial parts sector.

At the heart of its operations lies a unique sales approach, distinguished by its emphasis on online auctions and e-delivery channels. This innovative strategy not only keeps costs low but also enables seamless global connectivity with clients, facilitating efficient transactions and timely deliveries. With a consistent track record of success, the business has achieved top-line average sales exceeding $600,000 annually, demonstrating a robust 3-year Compound Annual Growth Rate (CAGR) of 17.9%. Such figures stand as a testament to the enduring demand for the specialized inventory, products, and services offered by the company.

One of the standout features of this business is its exceptional gross profit margin, which has averaged an impressive 93.2% over the past three years. This remarkable profitability underscores the company's expertise in sourcing, pricing, and delivering industrial parts to its valued clientele. Moreover, in terms of the bottom line, discretionary earnings have consistently averaged $421,771 annually over the same period, signaling a solid financial foundation and promising potential for future prosperity.


DETAILED INFORMATION
Location
Cleveland, OH
Inventory
Included in asking price
Real Estate
Owned
Building SF
18,243
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
18,243 square feet, the premises offer versatile functionality, including manufacturing space, warehouse facilities, and storage capabilities. A newly remodeled 1,470-square-foot mezzanine provides additional flexibility with operational needs and enhancing overall efficiency. Situated on a generous .425-acre lot, the location provides strategic advantages. The heated warehouse ensures optimal conditions for storage and manufacturing processes, while convenient access to major transportation rail, highway, and port facilities facilitates logistics.
Competition
In the competitive landscape of industrial parts sales, this business stands out as a formidable contender, boasting distinct strengths that set it apart within the industry. Amidst a field of competitors, the company's exceptional attributes position it as the preferred choice for clients seeking specialized industrial parts.
Growth & Expansion
The growth trajectory of this business could be accelerated by expanding its team of listers to streamline product preparation and listing processes. Recognizing this potential, the current owner indicates capacity for new 2-3 listers, a move that could amplifies sales and revenue. With an extensive inventory on-hand comprising hundreds of thousands of individual items awaiting inventory and posting, there's vast untapped potential. Seller estimates saleable inventory surpassing $6 million, presenting a significant opportunity for profit generation.
Financing
Owner Terms:$125,000.00 Interest:8% Term Months:60 Monthly Payment:$2,534.00
Support & Training
Number of Weeks Seller Will Offer Training: 6
Reason for Selling
Retirement
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Vince
Liuzzi
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Vince Liuzzi