41 Year Old Small Parts and Tools Wholesale Distributor Business Sold in Colorado Springs
This company distributed specialty and industrial fasteners. They were a leader in servicing their customers needs and sold quality brand products, maintained shelf stock for immediate delivery, had inventory for both domestic and imported products, experienced staff and offered same day shipping. The company had an impressive 28% revenue growth with an 80% growth in earnings. They had a 5 Star Google rating, a great location where they had offices, a warehouse, storage, loading dock, and parts counter.
The warehouse was only about 60% utilized which could allow for a lot more growth in stocking more fasteners or expanding and add on industry which would be more time-consuming. The owner was already working SO hours a week and was looking to sell because of a worsening health issue and could no longer continue this pace. He knew that a new owner with passion could continue to grow it easily because of his great employees, good internal processes in place, excellent reputation, a great OSHA record, and no legal issues.
The owner decided to do some research on local business brokers and after several conversations, he decided to hire Jeff from Business Broker Colorado. Jeff was familiar with this type of business with such a strong revenue and growth history that this would be attractive to many potential buyers. After filming a video interview of the owner so he could explain his business in detail and also tell why he was selling, Jeff put together a detailed marketing package and found many qualified buyers for his business. A husband and wife team with good knowledge, net worth and good work ethic ended up buying the business and the seller was happy with them.
If you want to sell your Colorado business contact Jeff today at – https://businessbrokercolorado.com/