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Highly Profitable Pipe Distribution Company in Los Angeles

Posted On:
January 7, 2014
Category:
Posted By:
Location:
United States
» California
Business Description

Highly Profitable Pipe Distribution Company in Los Angeles
Highly Profitable, 70 year old established distribution business in one of the best markets in the country. Centrally located in LA County, this company specializes in distributing new and used carbon steel, stainless steel and aluminum products to a wide range of clients. Known for a large selection of available products and excellent customer service as well as getting the job done correctly. Clients include large commercial/industrial contractors, utility companies, other pipe or steel companies, etc. These products are used in a wide range of commercial applications including monument signs, casings, Utility companies, elevator shafts, plus many more. Other services including pipe cutting, drilling, buffing, priming, painting, welding and fabrication.
Long Term Employees (20 years+) in place including an in-house sales person who is primarily the first point of contact with customers. Excellent books and records and tax returns. Consistent year after year revenue and profitability. Last fiscal year’s (ending Sept 30, 2012) Gross Revenue $3M and Adjusted Net Profit of $462K are figures straight from the filed tax returns. The fiscal year that just ended (Sept 30, 2013) had sales of $2.6M+ and Adjusted Net Profit of $350K+. The current fiscal year is off to a great start with October sales exceeding $295K+. The customer base is diversified and there are no large customers over 7% of gross sales. The owner has no formal marketing plan in place and the majority of sales are due to the reputation of the company. There are several growth opportunities that Seller will discuss to take advantage of the long-term, impeccable reputation this business has. The company operates out of a 2 acre+/- yard zoned for industrial use with office and other structures in a prime area. Seller will lease at $10,000/mo or sell the real estate at $1.7M. SBA financing is available on the business depending on buyer’s qualification and industry experience or Seller will consider Seller Finance for a qualified buyer with 50% down. Price on the business includes all Furniture, Fixtures, Equipment plus $180K of inventory at cost. Seller will provide training at no cost.
This is a highly confidential matter. NO additional information will be provided unless interested parties have signed a Confidentiality Agreement and provided proof of funds. Hit the reply button or e-mail us directly at info@certifiedbizbroker.com to learn more about this unique opportunity to own a profitable, well respected, pipe distribution business.
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Detailed Information

Inventory:Included in asking price
Facilities: 2 acre+/- yard with office and other structures zoned LCM2. Prime location in LA County. (87,120 square feet)
Competition: Seller to discuss further.
Growth & Expansion: Several Growth Opportunities available that the Seller will discuss. There is no formal marketing plan in place.
Financing: Seller will provide seller finance for a qualified buyer.
Support & Training: Seller will provide training at no cost to buyer.
Reason for Selling: Retirement
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