The Hatteras Group is pleased to represent another business for sale. This wholesale distributor and fabricator of construction fasteners and custom concrete anchor bolts used in steel erection and industrial and commercial structures.
The company has been established for decades and ownership is ready to exit making this an excellent opportunity for a new owner. Their repeat business and word of mouth marketing has allowed the Company to maintain and increase profitability without active sales generation, they cover the Southeast market area.
Acquisition highlights include the following:
-Growing YOY 8.4%
-Largest customer is only 10.6% of total sales so there is no customer concentration.
-Value Added / Custom Fabricated products make up 28% of sales
Revenues of over $ 2.2 million in 2017
SDE: $ 408,710 / 2017 YE
Asking Price is $1.25 million
The business has been Pre-qualified for an SBA 7(a) loan for the acquisition and working capital by one of our preferred lenders.
Contact Alan Clark for additional information, to sign an NDA and answer your specific questions.
About The Hatteras Group
The Hatteras Group is a collaborative team of professional intermediaries and advisors, leading business owners and entrepreneurs as they navigate the complex and often emotional process of selling or buying a business. We represent owners to sell their businesses, lead proprietary acquisition searches, source equity and debt and provide business valuation services, generally working with companies whose annual revenues are $5MM to $100MM.
Contact Alan Clark to schedule a 30 minute call to learn how we can help you explore the M&A market or sell your business.