Established Parts Distribution Company In Richmond
Established parts distribution company in Richmond, Virginia, generating approximately $7,000,000 in annual revenue and $400,000 in net profit. Offered at $1,200,000, this turnkey distribution business includes approximately $700,000 in inventory and $250,000 in furniture, fixtures and equipment. The company operates with proven systems and a highly experienced workforce. It has 15 full-time employees and three part-time employees in addition to the owner, with all but two of the full-time employees having more than 10 years of service. This long employee tenure provides valuable operational continuity for an incoming owner. The business operates from leased office and warehouse premises in Richmond. Buyers should note that one customer currently accounts for slightly more than 50% of annual revenue. Revenue has also been affected in recent years by the temporary loss of government work, with the seller anticipating renewed activity from this sector. The owner is willing to provide training and transition assistance, and owner financing is available. The sale also includes a sizable loss carryforward. Further inquiries are invited from buyers seeking an established Virginia parts distribution business with significant revenue, experienced employees and an established operating infrastructure.
Location
The business operates from leased office and warehouse premises in Richmond, Virginia. Further location details are not provided.
Employees
15 full-time and 3 part-time employees, plus the owner
Lease Terms
Office and warehouse premises are leased. Rental costs and further lease terms are not provided.
Real Estate
Lease
Owner Financing
Owner financing is available. Please contact the seller for more information.
Premises Details
The company operates from leased office and warehouse premises. Further details regarding the size, configuration and facilities are not provided.
Support & Training
The owner is willing to provide training and assistance to the new owner to support the transition of the established operation.
Expansion Potential
Government-related work has been temporarily reduced in recent years, impacting revenue. The seller anticipates this sector could begin generating additional revenue again in the coming months, providing a potential route to recovering this business activity.
Competition / Market
The business has a highly experienced workforce, with all but two of its 15 full-time employees having more than 10 years of service. One customer currently represents slightly more than 50% of annual revenue, creating a notable customer concentration for prospective buyers to consider.
Inventory / Stock Value
$700,000 - included in the asking price
Reason for Selling
The owner wishes to pursue other business interests.
Financials
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