Supplier of Fluid Power Products
Supplier of Fluid Power Products
Price: $300,000
Location: Kitchener ON
Listing ID: 20230515
Listing Status: Sold
This company is a supplier of parts used for the
maintenance and repair of industrial machinery and mobile equipment.
It is a source for all seal needs, Imperial and Metric,
and supplies a wide range of fluid power products – cylinders, valves, hose and fittings, seals and repairs.
Total Sales: $380,000
Cash Flow: $108,000
FFE Included: Yes
Reason For Sale:
Owner is retiring.
Training & Support:
The owner will stay to transition to a new owner for up to one year.
Year Established: 1994
Owner Hours Per Week: Monday – Friday, 8am – 4pm
Employees: The current owner operates the business and there are no other employees at present.
Monthly Rent: $2,000
Type of Location: Shop is located in an Industrial Park in Kitchener. It is a street-facing unit of a multi-unit building.
Competition:
Main advantage over competitors is the inventory and variety of seals and products that the company maintains.
Potential Growth:
An ongoing, structured and sustained Marketing Program would definitely stimulate business, attract new customers and increase revenue. In addition, hiring more staff would become necessary which would further growth considerably.
The local supplier network, as well as the customer base, has been stable, with little turnover in ownership.
There has been consolidation among product manufacturers on the supply side, but this has not affected distributors.