Listing Number: 022822-930802
Description
Exclusively offered by Transworld Business Advisors of Cleveland Metro, Akron and Canton. "Unlock Unmatched Industrial Parts Excellence: Discover Rare Components, Extraordinary Profits, and Prime Real Estate – Your Path to Success Starts Here!"
This premier Cleveland-based company specializes in the sale of new and used industrial parts, boasting an extensive and diverse inventory with a retail value over $7 million. Renowned as a one-stop destination for both manufactured discontinued parts and rare components that are otherwise challenging to source, the business stands as a beacon of reliability and resourcefulness in the industrial parts sector.
At the heart of its operations lies a unique sales approach, distinguished by its emphasis on online auctions and e-delivery channels. This innovative strategy not only keeps costs low but also enables seamless global connectivity with clients, facilitating efficient transactions and timely deliveries. With a consistent track record of success, the business has achieved top-line weighted average sales exceeding $600,000 annually, demonstrating a robust 3-year Compound Annual Growth Rate (CAGR) of 17.9%. Such figures stand as a testament to the enduring demand for the specialized inventory, products, and services offered by the company.
One of the standout features of this business is its exceptional gross profit margin, which has averaged an impressive 93.2% over the past three years. This remarkable profitability underscores the company's expertise in sourcing, pricing, and delivering industrial parts to its valued clientele. Moreover, in terms of the bottom line, discretionary earnings have consistently averaged $421,771 annually over the same period, signaling a solid financial foundation and promising potential for future prosperity.
Listing Details
- Price: $ 1,643,000
- Down Payment: $1,518,000
- Sellers Discretionary Earnings: $ 409,650
- Total Sales: $ 669,181
- Location: Cuyahoga County, Ohio
- Inventory: $ 900,000
- FF&E: $ 30,000
- Employees: 3
- Year Established: 2000
- Reason for Selling: Retirement
- Category: Manufacturing
