Established Oil & Gas Field Hardware and Auto Parts Supply Business that has operated profitably in the same area since the 1950’s; over 60 years. The owner is ready to retire and to place this opportunity in control of a qualified and knowledgeable buyer.
This business has never advertised extensively, but has relied solely upon building a large and dependable repeat customer base via verbal recommendations from satisfied customers. Even today this business still does not have a website!
This business is profitable and profit margins comparable favorably to prior years.
This opportunity can be expanded geographically by implementing new advertising and marketing techniques utilizing the internet. The company's present core customer base is in Texas and surrounding states. The utilization of new internet advertising and marketing methods and techniques will allow this business to reach active operators in the Oil and Gas Fields of Texas and adjoining states as well as possibly others in more distant locations. Customers seeking a reliable source for Auto Parts can also be reached via internet advertising and marketing techniques.
Seller will provide some financing to Qualified Buyers.
Millions in revenue dollars have been generated by this business in prior years by the owner and a small number of well trained and loyal employees.
This business needs new management versed in the application of today’s internet advertising methods and marketing techniques.
THE PRICE IS RIGHT
$402,260 of the $2,200,000 selling price is for attractive and appropriate real estate used by the business and $1,335,468 of the selling price is for current assets (Accounts Receivable and Inventory) that constitute liquid working capital for the business.
Well Maintained Furniture Fixtures and Equipment included in the sale constitute only 2.5% of the selling price or $54,620.
Intangible Asset Value included in the sale is $407,652 and is fully deductible as Amortization Expense over 15 years for Federal Income Tax purposes.
Seller will provide some financing to Qualified Buyer(s).
ALMOST $810,000 OF THE ACQUISITION PRICE WILL BE PAYABLE WITH “BEFORE-TAX-DOLLARS” AND ACHIEVE A CASH FIT SAVINGS BENEFIT OF BETWEEN $121,500 and $315,500.
Most Buyer's will probably be in position to pay almost $810,000 of the acquisition price with “Before-Tax-Dollars” created by Depreciable Expense Deducted for Buildings and Equipment for Amortization Expense for Intangible Assets; a Substantial Cash Savings FIT Benefit of between $121,500 and $315,500.
ONLY QUALIFIED BUYERS NEED TO REPLY.
Each buyer will be required to do the following:
1. Sign and return to the Broker our Standard Buyer's Confidentiality and Warranty Agreement, and
2. Provide to the Broker BUYER’S Signed Financial Statement that substantiates their ability to pay the $220,000 down payment with their own personal funds, not borrowed money, and to qualify for a bank loan guaranteed by the Small Business Administration (S.B.A.) or similar loan for the unfunded Purchase Price of approximately $1,980,000.