This company has been sold, view our distribution businesses for sale.
This well-established business has been a closely held family business for over 50 years dealing in specialty raw materials including import, export, and distribution. They supply a broad range of industries including Chemicals, Minerals, Pharmaceuticals, Cosmetics, Painted Coatings, Plastics, Cleaning Supplies, and Food Industries to name a few. There is no customer concentration with the largest customer concentration consisting of less than 10% of annual sales. The next grouping of customers consists of approximately 2% of annual sales. Due to the nature of the product, there is very little competition in the market space. The Business operates out of its corporate headquarters with a team of 4 to 5 full-time employees including the owner, an outside salesperson, an inside salesperson, and a bookkeeper. Distribution is handled nationally utilizing third-party warehousing strategically located across the USA.
Contact us if you are interested in selling your import business in New York and beyond.
Reason For Sale: Retirement
Training & Support: Seasoned and trained staff will remain post acquisition to run and train replacements as need as they reach retirement age. Owner is willing to negotiate a transition contract of up to one year to ensure proper knowledge transfer to new owner. (30 days included in asking price).
Potential Growth:
The opportunity exists to work with the existing customer base to provide additional products needed by the existing customers should the owner choose to explore near neighbor products/verticals.
Financing/Terms:
This deal has been preliminarily approved for SBA funding with the owner agreeing to participate with a qualified buyer under the following stipulations. Buyer to provide a down payment in the amount of $550,000 (25%) +/- as required by SBA; Seller will accept a promissory note of up to 10% per SBA direction of up to $220,000.
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