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BUSINESS FOR SALE - PROFILE #  42520065

Distributor- of Commercial Recreation Equipment
Charlotte, NC

Asking Price: $1,500,000   Down Payment: $1,500,000  
Gross Revenue: $3,289,900   Adj. Cash Flow*: $816,471  
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Executive Summary
The founder of this company started this business in 2013 after spending 10 years as an executive with a large recreation equipment industry supplier. He saw an opportunity to provide a more comprehensive service offering to the company's clients than had previously existed. The owner initially become a distributor of shelters/restrooms and commercial playgrounds in North Carolina. Based on securing exclusive distribution agreements of these product lines in North Carolina, the owner began his vision and the company and has been growing the top and bottom line ever since.  During the past 2 years, the company has transitioned from an exclusive distributor of nationally recognized product lines with installation to a General Contractor selling exclusive and non-exclusive product to complete projects in North Carolina, South Carolina and Virginia.  Site work has become an equal part of the business with very high margins. The business utilizes external sub-contractors and maintains one in-house crew to install the distributed products on job sites The company is run by the founder of the business who loves the business, the industry and its potential but has decided to retire at the age of 64 and is looking to step back from the business to spend more time with family and to travel.  He looks forward to ensuring a smooth transition with a new owner.

Acquisition Highlights

  • Financing Information:  SBA Lending Candidate
  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2013 Inventory: $100,000 Included
Employees: 9 Furniture, Fixtures & Equipment: $50,000 Included
Real Estate:
Other: $150,000 Included
    Total Assets Included in Sale: $300,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Adam Petricoff
Phone:  (704) 360-8898
Fax:  (704) 272-4477
Other:  (704) 905-8658
E-mail:  apetricoff@vrcharlotte.com
VR Business Brokers - Charlotte, NC
9301 Monroe Road
Suite L
Charlotte, NC 28270
www.vrcharlotte.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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