Chicago - 1.5 Hours West if Chicago LISTING #: 17556
Lighthouse Business Brokers would like to introduce an acquisition opportunity for a distributor of janitorial, safety, PPE, office, and industrial cleaning supplies. For over 15 years this business has served as a one stop shop for commercial safety and cleaning products. With a large book of repeat customers, this reliable business can continue operations as an essential business during the pandemic and has experienced an uptick in sales due to increased sanitation needs. The sale at this price will include A/R, A/P and inventory, valued at approximately $475k as of the end of Q1. If a buyer prefers not to take A/R and A/P we can adjust the price accordingly. Current inventory is valued at $310k, but that will fluctuate in the normal course of business.
The sellers are fully committed to an in-depth transition period complete with introductions to key customers. Furthermore, two of the three owners are willing to stay on for an extended transition or as employees if the new owner desires. The business is located approximately 1.5 hrs west of Chicago and operated out of a 35,000 SF facility with an office and warehouse. The business can be relocated if necessary, but the current location works well for the employees and keeps overhead low. This is an incredible opportunity to acquire a business with a diverse base of repeat customers, a product line that has experience increased demand due to the pandemic and is capable of producing stable cash flow year after year. Please email firstname.lastname@example.org to sign the NDA and receive the prospectus for this listing.
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Office: LBB Chicago
Property Leased: No
Monthly Rent: $2,616
Real Estate Included: No
Inventory Included: Yes
Building Size: 35000 sq ft
Hours of Operation: Monday - Friday
Reason for Selling: Retirement