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Blasting Abasives Supply Company for sale

NJ (Relocatable)

Blasting Abasives Supply Company for sale
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Asking Price: N/A

Cash Flow: $270,000

Gross Revenue: $1,722,000

EBITDA: $270,000

FF&E: N/A

Inventory: N/A

Rent: $1,000 /Month

Established: 1955

Blasting Abasives Supply Company for sale

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Business Description

The owner is retiring from this 64-year-old consistently profitable supplier of blasting abrasive material and equipment. Founded in 1955, the company is a recognized distributor of blasting abrasives and equipment in the Northeast United States. There is consistent stable sales and gross profit margins with exceptional Seller Discretionary Earnings. The company has an excellent track record of providing on demand deliveries to its loyal customer base. The blasting abrasives product mix includes Ebony Grit, Black Beauty® copper slag in numerous grades, Powerblast, Garnet and Glass Bead. All abrasives are available in bags, super sacks and bulk. The company is a direct seller of equipment from Clemco Industries, Zero, Schmidt Manufacturing and Western Technologies. All sales are dropped shipped from the manufacturer directly to the customer. The company does not maintain any equipment or abrasives inventory. All sales are made to a high retention loyal customer base. The company has one full time employee other than the owner who is fully capable and available to handle the day-to day operations. The employee has numerous years with the company and wishes to continue with the new owner. Employee benefits are limited to major holidays and paid vacations. The transaction is contemplated as an asset sale, with all assets of the company included except for cash and accounts receivable. All liabilities and accounts payable will be paid by the seller at or before closing. The owner will stay on after the sale for a mutually agreed upon time to insure a smooth transition.

Detailed Information

Real Estate:
Leased
Building SF:
600
Lease Expiration:
N/A
Employees:
2
Financing:
None
Support & Training:
Owner will train for a smooth transition
Reason for Selling:
Retirement
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(from currently available funds)
 
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Thomas Donahue

Business Listed By:
Thomas Donahue

Evergreen Financial Corp

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