Distributor of Water Pumps & Electrical Supply, with Real Estate Included
This is a wholesale/distributor of electrical supplies and various pump products for residential, commercial, and industrial properties. Inventory consists of electrical supplies, conduit and fittings, breakers, and load centers, transformers, starters, and morel. They are a stocking distributor for top-quality electric motors, water pumps, water well supplies, centrifugal pumps, marine pumps. and pumps for septic and sewage systems. They service over 100 customers in southeast Texas that include electrical contractors, plumbing contractors, farmers, agriculture customers, and oil & gas businesses.
Background information
Reference:
82416
Year established:
This business was started in 1951. Acquired by the present owner 7/28/2000.
Reason selling:
Retirement
Finance
Sales:
$1,317,176
Profits:
$186,474
Profit type:
Discretionary Earnings
Operations
Employees:
Employees consist of husband & wife and 1 sales/warehouse person.
Equipment:
2016 Dodge Ram Pick Up Truck, office equipment, & shop equipment. See list in file.
Inventory:
$250,000
Premises
Facility:
The property consists of 15,000 sq. ft. improved with 2 wood & metal buildings containing 2,500 sq. ft. of office and showroom space and 10,144 warehouse.space.
Square footage:
12,644 sq. ft.
Location:
Southeast Texas
Price and terms
Price:
$665,000
Down payment:
$100,000
Financing:
Total Price of the business and real estate is $665,00 wherein the price of the business is $365,000 and the price of the real estate is $300,000. Estimated terms of a new SBA loan:include $100,000 cash down and a note for $565,000 payable over 18 years at 7.5% interest = $4,774.10 P/M.
Training:
As needed