For the past 36+ years, this business has been a distributor and wholesaler of industrial fasteners, abrasives, and assorted hardware for a variety of manufacturing applications.
Orders come in via walk-in, email, telephone, or fax; product orders range from bulk parts to combo kits to individual units. If the items are in stock, they are pulled from inventory, assembled, packaged, and added to the outgoing daily UPS shipment or Fed-Ex Freight. In addition to these individual orders, the business has long serviced (30+ years) a core base of industrial manufacturers. A team member visits their facilities to stock and organize their parts bins, ensuring they always have the necessary parts to keep production running. They also stocks difficult to find parts; many are still regularly used in production but are difficult to source on the open market. Their customers rely on them to supply these parts, which they sell with outstanding margins. Older inventory does not spoil and really boosts the bottom line.
It is time for the owners to retire and pass their high net income business to a capable, growth-minded successor. A buyer can apply modern technology to streamline fulfillment, as many operations and processes are outdated. Additionally, the business has no digital presence. Put the current inventory online to attract new customers looking for difficult-to-find hardware, or create a mobile app for clients to order on the spot when they run low on (or run out of) parts. Currently, family members help package and ship product; the new owner can hire part-time workers to handle fulfillment, and focus instead on growing the company. Actively market and advertise to grow the client base, and spend face time with customers (new, current, and previous) to fill new needs and get referrals to other manufacturers.
This industrial fastener business is an opportunity for an energetic owner-operator to step into a very profitable six-figure income, streamline and scale the business, and increase revenue. Best of all, the business has been SBA prequalified, so a Buyer can make a 10% down payment and leverage their remaining cash for working capital and growth. If you're looking to increase your income by $200k+ per year, then this is the opportunity for you. Contact the Agent today!
