NV2614 - Wholesale & Distribution
Nevada - Reno
This is a great opportunity to acquire a wholesale/distribution electrical lighting company that has provided Northern Nevada with energy-efficient LED lighting for over a decade. They have a great client base in multiple industries, including wholesale, commercial, industrial, and residential with an outstanding reputation in the industry. They offer a wide selection of electrical lighting products (traditional lamps, LED bulbs, LED drivers, ballasts, transformers, motion sensors, and photocells) and have a vast on-site inventory to supply contractors and customers with their immediate needs. They have provided lighting solutions for a multitude of high-level projects, including casinos, hotels, gas stations, restaurants, warehouses, and government buildings. One of the greatest benefits of owning this business is the recurring revenue through referrals. Nearly 80% of revenues occur through established working relationships with contractors and their continuous referrals to other contractors. This business is turnkey, with staffing levels set so that the business can run smoothly without much supervision. An excellent website is in place, and online sales are growing locally as well as nationally. A motivated Buyer could easily capitalize on growth opportunities and expand this company. As it is, a Buyer will step in and immediately enjoy continued growth and profitability. Don't miss this unique opportunity to own a quality, reputable business with a bright future! With a selling price of $1,000,000 that includes $600,000+ in wholesale inventory, $34,350 in FF&E, and a cash flow of over $250,000+, it seems to be a No Brainer. Plus if a Buyer gets an SBA Loan before September, the U.S. Treasury will pay six months of loan payments! The Business is SBA pre-qualified for a Small Business Administration Loan (SBA 7a Loan). Buyer could purchase with as little as 10% down of the acquisition price. Seller is prepared to finance a portion of the purchase. Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe. From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #3 Most Business-Friendly Tax Climate.
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Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.