Distribution / Dist-Lighting Products
The successful Ontario commercial lighting agent and distributor founded 28 years ago represents a significant number of domestic and international lighting manufacturers. The founder and majority shareholder and his minority partner who runs internal operations plan to stay on for the next 3 years to complete the delivery of the current firm order backlog representing approximately $3.1 Million in Revenue. The Net Profit from these firm backlog orders is to be paid to the current owners when those items are delivered over the next 3 years, so this will be a deferred component of the purchase (not included in the listing price) with a nominal deposit. Additional revenue / profit from these same accounts generated post-closing will accrue to the benefit of the buyer.
The extensive Vendor line card is managed under geographic exclusive provisions which give the seller regional exclusivity for each line. Commercial orders are generated by sales initiatives with quotations developed by the owner and an employee sales representative. For new construction, technical specifications are established by architects and engineers and then the company matches those requirements with a specific product line. Other commercial clients can order lighting for existing facilities to meet their requirements for expansion or replacement. A broad range of high end lighting products are represented. This business could grow significantly under new ownership with additional investment in sales personnel or via strategic partnerships to secure new clients and opportunities. The business operates out of a facility it owns and would like to sell with the business.
The price for the Real Estate of $600,000, is included in the listing price for the business.