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Wholesale Distributor of Outdoor Recreational Consumables

North Carolina
  • Asking Price$4,500,000
  • Revenue$4,300,000
  • Cash Flow$1,100,000
  • Inventory$600,000*
  • FF&E$630,000*
  • Real estate$750,000
  • Established1996
  • *INCLUDED IN ASKING PRICE
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CONTACT THE BROKER

team--erik-sullivan
Erik Sullivan
919-263-2550

Business Description

Strong Recurring Revenue and Management Team

Established direct store delivery wholesaler of outdoor recreational products with 500+ customers throughout the East Coast. Revenue and profits are up over 2019 despite COVID-19 crisis. 2020 revenue is on track to exceed $4.3 million.

In business over 20 years, this wholesaler is one of the leading suppliers for its product segment and region. Its main customers include independent sporting goods retailers and large “big-box” retailers.

Company sells in-house manufactured product under its own brand and holds distribution partnerships with some of the industry's leading brands. Company operates from standalone 11,000+ square foot industrial facility with climate controlled, racked warehouse space, receiving and shipping area with overhead roll up doors, manufacturing floor, and conditioned office space.

Company Highlights:
• Consistent, clean financials
• Recurring revenue model
• Long-term customers
• No single customer greater than 10%
• Established name brand
• Limited competition
• Existing operations and logistics manager
• High barrier to entry
• Extensive processes and procedures
• Owner has invested in quality equipment and vehicles

Buyer must demonstrate financial capability. The business and real estate have been prequalified for an SBA loan package that includes $250,000 in working capital for a Buyer with $750,000 down.

Comprehensive marketing package including detailed video overview available upon initial interview and signing of non-disclosure agreement. To learn more, contact Jonah Pollone at MidStreet at (919) 263-2550 or jonah@midstreet.com. Real Estate offered through MidStreet Realty, Inc.
INVENTORY

Included in asking price

Real estate

Owned; not included in asking price

building square footage

11,000

Furniture, Fixtures, & Equipment (FF&E)

Included in asking price

Facilities

Seller-owned real estate of approximately 11,000+ square feet on over 10 acres. Well maintained with climate control capability, overhead doors, and proximity to major markets. Real estate offered through MidStreet Realty, Inc.

Competition

High barrier to entry. While limited competition does exist, this business is one of the largest and most well-known wholesalers on the East Coast for its product segment.

GROWTH & EXPANSION

Growth opportunities include client acquisition within the existing service area, expanding product offerings for current customer base, growing the company’s service area, and targeting untapped customer segments. Huge opportunity exists to expand product distribution through large existing customer.

Support & Training

Extensive onsite transition support and call/email support will be made available and are included in the purchase price.

Reason for Selling

Relocate for family reasons and focus on other non-competing business ventures.

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Understand Buyer Financing

Almost all buyers will use some type of financing when they purchase a business. If you plan to finance, then you need to know your options. Informed buyers have time to prepare for the buying process, while those who wait wind up slowing down the deal. Don’t wait.
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