Distributor of Industrial Mats, Janitorial Equipment & Supplies in Houston For Sale
Listing: # 8244
Price: $ 795,000
Location: Houston
Listing Profile
| Classification: |
Wholesale / Distribution |
| Purchase Price: | $795,000 |
| Real Estate Price: | $440,000 |
| Working Capital: | $0 |
| Total Investment: | $795,000 |
| Down Payment Required: | $795,000 |
| Gross Revenue: | $1116496 |
| Discretionary Earnings: | $337338 |
| Imputed Rent: | $0 |
| Total Cash Flow: | $0 |
Description and Operations
| Established Date: | 1945 |
| Monthly Rent: | $4,094 |
| Reason for Sale: | Retirement |
| Employees(Full): | 1 |
| Employees(P/T): | 0 |
Reason for Sale:
Retirement
Description:
This company is a distributor of industrial matting, foggers, janitorial supplies and janitorial equipment to wholesale and retail businesses. The company has long, solid roots in Houston that trace back as far as 1945. The current owners are retiring. The primary revenue generator for the company is a broad line of industrial mats, including absorbent mats, et area mats, anti-fatigue mats, anti-static mats, anti-vibration and acoustical mats, entrance mats with company logos, weight room mats, rotary table mats and other mats that meet just about any industrial or commercial requirement. They also carry commercial foggers that are typically used for mosquito control; however, they can also be utilized for widespread cleaning and disinfection of indoor facilities which is beneficial for virus control. Customers can be found in nearly any industry including restaurant, oilfield, construction, contracting, manufacturing, healthcare, marine, schools, churches and property management. Many customers have been with the company for over 20 years and provide recurring revenue. Revenue was off 25% during 2020, but business is expected to return to previous levels of profitability as the impact of the pandemic diminishes. The company is a great platform for a new owner to bring energy to the sales process, which should result in immediate growth. The buyer has the option to purchase the property for an additional $440,000.