Description
This well-established industrial supplier, founded in 1972, specializes in critical components like hoses, fittings, and related equipment. The company primarily serves the robust oil and mining industries from its strategic locations in Utah and Wyoming, boasting enduring supplier relationships, including exclusive distribution rights with key manufacturers.
This is a turnkey business with high customer retention exceeding 80% and multiple revenue streams. The furniture, fixtures, and equipment (FFE) valued at approximately $200,000 and inventory valued at approximately $1,100,000 are excluded from the asking price. The company operates effectively through both retail storefronts and proactive outbound sales, with a strong emphasis on specialized repair services that significantly enhance its value proposition.
The two strategic locations provide diversified market and industry exposure, offering a solid foundation for continued success. Significant growth opportunities exist through digital transformation, geographic expansion into new territories, and enhancing current service offerings.
LISTING DETAILS
Price: $3,700,000
Location: Utah & Wyoming
Listing ID: 376
Listing Status: Sold
Total Sales: $6,000,000
Cash Flow: $636,700
FFE: $200,000
FFE Included: No
Inventory: $1,100,000
Inventory Included: No
Operation
Year Established: 1972
Employees: 7 Full-time, 1 Part-time
Location
Type of Location: Utah & Wyoming
Summary
Reason For Sale: Retirement
Training & Support: 3 months (available as needed)
Competition: Established industrial supplier specializing in hoses, fittings, and related equipment, with exclusive distribution rights and high customer retention (80%+), is available for acquisition. This turnkey business, serving the oil and mining industries from two strategic locations, offers diversified revenue streams and significant growth opportunities.
Potential Growth: This long-standing industrial supplier, established in 1972, boasts an impressive 80%+ customer retention rate and exclusive distribution rights with key manufacturers, offering a turnkey operation with diverse revenue streams. Significant growth opportunities exist through digital transformation, geographic expansion, and expanded service offerings.
