Price: $8,500,000
Location: North Texas
Industry: Wholesale and Distribution
Listing ID: 42060395
Listing Status: New
$8.5m for Business and $4.5m RE!
This is a manufacturer of commercial grade tapes, utility marking products and supplies. They manufacture and sell underground utility tapes, barricade tape, flagging tape, custom marking flags, and inverted spray paint for surface marking. Their products are used by utility companies to identify and mark existing electrical lines, gas lines, cable lines, telephone lines etc. They also supply law enforcement agencies with various danger and barricade tapes.
The owners started the business in 2007 and have operated it in North Texas for 18 years. The company enjoys a deep, long-term national customer base with weekly and monthly repeat orders. 2024 was up 15% with net income of 25%.
The customer base is concentrated largely in the sunbelt and eastern half of the U.S. The company currently does not employ sales reps pursuing new customers. Their business is primarily repeat business from existing customers with some unsolicited new customers. There is significant growth opportunity in adding an inside salesperson to focus on the western half of the country. It is believed this business can be scaled up >200% with investment capital and increased sales and production staffing to pursue additional production and revenue.
The existing production equipment will accommodate significant additional production for growth, and the 48,000 sq. ft. manufacturing facility contains significant space to add additional production equipment and inventory when needed.
The Sellers are ready to retire but will agree to remain onboard for a transition period to ensure a successful transition to a new owner. There is no owner-financing being offered. This is an all-cash asset sale.
THE BUSINESS PRICE is $8,500,000 Including inventory and equipment.
The REAL ESTATE with the manufacturing and office facility must be purchased with the business at a price of $4,500,000. The Property is not for lease, it must be purchased with the Business. It is 48,000 sq. ft. of manufacturing/warehouse/office space on 4.3 acres in a city industrial park with national tenants in one of the fastest growing areas in Texas.
Evidence of funds available to transact is required prior to providing the CIM and financial records. The Business tax returns and P&L’s are very clean, accurate and reflect each other. Please email me for an NDA and financial statement to be completed and returned for further information.
Down Payment: N/A
Total Sales: $8,465,230
Cash Flow: $2,097,249
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $776,086
FFE Included: Yes
Inventory: $895,628
Inventory Included: Yes
Non-Owner Payroll: N/A
Real Estate: $4,500,000
Real Estate Included: No
Monthly Rent: N/A