Commercial Distributor of Fasteners, Tool Room & Safety Equipment
This long-established business enjoys an excellent reputation specializing in "One Stop Shopping" products include a wide variety of Commercial Fasteners, Tool Room Supplies and Safety Products. Fasteners are stocked in steel, stainless, brass, bronze and nylon. The company also stocks screws, nuts, bolts, washers, rivets, threaded rod, anchors, cable ties and all tape needs. The company's well managed and diverse inventory allows for quick delivery times, superior one stop shopping and competitive pricing. Primary markets sold to are the electrical supply industry, lumber yards, hardware stores and the HVAC sector.
The company has 20,000+ accounts with approximately 3000 being active in any one year. Revenues are 90% domestic and 10% international. Sales are highly repetitive and are generated as a result of the company's excellent reputation for service and product availability. Internet sales are approximately 40% of revenue with remaining sales generated from independent reps along with inside sales staff managing telephone, fax and email orders. The business employs a stable, knowledgeable and well-trained workforce of 23 employees which includes 2 partners. The staff consists of a warehouse Manager & staff, Expeditor, AIR & A/P Manager, Administrative staff & Inside Sales People. Non-Union. The company occupies 22,000SF of warehouse and executive office space. Owners wish to retire but are available for any necessary transition.