SOLD! – Lucrative Distribution Business – $1.7m

soldDistributor of shoe repair materials and shoe care products, including all accessories for shoes and leather products. The business is well established, regular clients call in for their weekly requirements, whereas the reps call on customers telephonically and when needed personally. The opportunity does exists to export product range outside of the country, with exclusive distribution  rights in those countries. Well aged receivables book in place, with well know names in evidence. Full profile available to qualified buyers, subject to confidentiality agreements.

Six staff members attend to all aspects of the distribution business.

Price: $1,650,000

EBITDA: $522,000

Revenue: $4,800,000

Inventory: $425,000-base price. Price will adjust up or down depending on the inventory value on closing.

Location: Lower Mainland

Lease: Expires 2015, it does have an option to renew for a further 5 years.

Reason for selling: Retirement. Existing owner is prepared to work on a part time basis, if required, until new owner is settled.

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Posted in All Posts, Articles, BC, Distributor, Lower Mainland, Sold

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