New
Industrial Distribution Business For Sale In Metro New Orleans Louisiana
Duran Advisors presents this established industrial distribution business for sale in the New Orleans metropolitan area of Louisiana. This company has been in operation for multiple decades. Over the years, the business has grown by adding more product lines and spanning territory coverage throughout Louisiana, southern Arkansas, Alabama, and the Florida panhandle. The company is not only a stocking manufacturer's representative firm but also a master distributor of products. The pandemic initially brought down the company's numbers, but they rebounded quickly and have since grown year after year. The industry is expected to see continued growth over the next decade. The business thrives due to the customer service-driven culture and the dedication of the diverse customer base. All client lists will be included, and the owners will transition the relationships upon sale.
The inventory fluctuates over the course of the year. It is included in the sale price. The wholesale amount at the time of writing this ad is $675,000.
The owner would like to sell the business to retire. They work approximately forty to fifty hours weekly in the business. Well-known dominant, highly profitable companies like this do not come to market every day. Come and experience the workflow, see the facility, and secure this amazing company before someone else snaps it up.
The building resides in a mixed-use leased space of ~18,000 square feet in a centralized location. A Matterport Virtual Reality 3-D scan is available to fully disclosed buyers. There is also a 30+ page Confidential Information Memorandum (CIM) available to disclosed buyers.
2022 Revenue: $2,584,005
2022 Net Profits: $356,266
This is a structured sale with the following schedule:
11/03 Question Submission Deadline
11/10 LOI Submission Deadline
12/15 Due Diligence End & Close (time may be extended for financing)
The owner states that 2023 is shaping up to be even better than 2022 with their first two quarters their best ever! For more information, please contact the listing agent Joel Duran, CM&AA, CM&AP, CEPA, CMSBB, at (504) 321-0196.
Listed By: Joel Duran, CM&AA, CM&AP, CEPA, CAIM, CMSBB
Background information
Reference:
NOLA-0032
Year established:
1979
Reason selling:
Retirement
Finance
Sales:
$2,584,005
Profits:
$356,266
Profit type:
Discretionary Earnings
Operations
Employees:
4 Full-time
Inventory:
$675,000
Furniture fixtures and equipment:
$50,000
Premises
Facility:
Mixed-use space with office and warehouse space.
Square footage:
~13,080
Rent and lease terms:
$3,975/month
Location:
The business is located in a centralized location that is minutes from the heart of New Orleans.
Price and terms
Financing:
This business is a good candidate for bank financing. It is already preapproved by a lender who works with businesses in this space.
Training:
The current owner will train a new owner for two weeks at forty hours a week.