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Multi - Site Wholesale & Retail Company
Location North Carolina,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $4733851
Net Profit / Cash Flow $316132
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 20 - 34
Inventory 194000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Seller will provide training
Reason for Sale Company needs professional manager not entrepreneur
Description This entrepreneur purchased one retail store 12 years ago then grew the company to four outlets with revenue growth in 10 of 11 years and profitability every year. The company is one of three leading companies in its market in Charlotte. He directs a large workforce of employees and contract installers, coordinates a large number of suppliers and directs growth oriented projects. In spite of managing the large operation and growth agenda, this hands-on owner only works Monday through Friday from 7:00am until 5:00pm. This company needs an experienced, sales-oriented manager to continue the growth.
The owner acquired an impressive members-only wholesale outlet for an additional line of business in August that is currently undergoing an major addition to the showroom.
The owner is an entrepreneur and salesman, not a professional manager. He is flexible to remain with a new owner to provide support or as an independent sales professional. Seller strongly prefers to also sell the building (approximate value of $500K) as part of the sale.
Detail financial information will be provided after a successful meeting with owner. He will consider some owner financing. Note, this company is healthy and growing. The owner is not pressed to sell. He will only consider serious offers.
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