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Kitchen Appliances Company for Sale in Texas, United States

Business For Sale: Wholesaler, importer and distributor of luxury Italian stoves and ventilation hoods.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity S Corporation
Reported Sales USD 6.5 million
Run Rate Sales USD 7.2 million
EBITDA Margin 15 %
Industries Kitchen Appliances
Locations  Texas
Local Time 10:14 AM US / Central
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 4 million (Native Currency: USD 4,000,000)
Reason: Founder just turned 40 and has been in the appliance industry for 17 years since college. Now wants ... View More
Includes physical assets worth USD 750 thousand
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Company specializing in the distribution of luxury Italian stoves and ventilation hoods.

-One third of our sales are direct-to-consumer, average sale is $3,800.

- We are almost at $10m in revenue with easy potential to push to $20-30m by simply expanding product offerings in our established sales channels. We are working on that currently. With capital infusion to stock up on top 20 selling gas ranges the business could easily go to $50m+

- Excellent highly coveted manufacturing partner relationships.

- Sold at HomeDepot and Lowes.

- Featured on HGTV regularly.

- Thousands of interior designer customers.

- Excellent market placement price point.

- Customers provide imagery and gushing accolades daily.

90% of our orders are special made-to-order, which required minimal warehousing and is quite efficient.

Products & Services Overview

Wholesale importer and distributor of Italian made gas stoves and ventilation hoods.

Ranges are Manufactured in the Venice, Italy region by a boutique manufacturer. We are their first ever partnership in the USA for a private label agreement, and they will not open another account. We grew their global sales by 30%.

Ventilation hoods are produced by another factory in the same Venice region just a few miles up the road. Also, highly coveted boutique manufacturer.

We are currently sourcing new high-ticket luxury home products in other categories to capitalize on our long-standing relationships with Big Box retailers.

Assets Overview

We just developed a new e-commerce website.

We transitioned the business to Microsoft Dynamics 365 Business Central & CRM.

We have excellent EDI integrations for orders to stream seamlessly, as well as EDI integration with our logistics scheduling.

Complete training tutorial video library for the easy onboarding of new staff.

Transitioning the business currently to majority of workers being remote around the globe, saving payroll expenses and improving our talent.

$750,000 inventory.

Established and growing brand name.

Highly coveted contracts.

Established sales pipeline primed for growth.

2,000 certified purchase orders representing $6m revenue from Home Depot and Lowes that will be produced as the Covid slowdown comes to an end in of this year and entire next year.

Tens of thousands of social media followers who are mostly interior designers.

Facilities Overview

We have a 40,000 Sq Ft distribution center in Texas.

We have the best logistics partner in the appliance industry ready to receive full containers and deliver nationwide.

Capitalization Overview

Business is debt free with strong cash balance on the books. One founder owner that has operated the business successfully for 18 years.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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