*Under Contract* Distribution in Sporting Industry-Houston TX

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF. #76931-643646 Currently under contract with a buyer. Excellent business with motivated seller. 2021 final numbers resulted in Seller Discretionary Earnings over $500k! Business price is $1.175M, plus inventory - approximately $515K, for a total combined price of $1,690,000 (advertised price). In addition to the $1.690M, real estate is available for purchase at $510,000 (fair market value) for a total combined sales price of $2.2MM. This listing has been updated with final 2021 results and is ready to present to serious buyers. This distribution company has been in business in the same location for 85 years, and under current ownership for over a decade. With focus historically being on retail, current ownership evolved the business by adding new product lines, cultivating a trained and productive sales team, and adding an inside sales support group. The result is a distribution model with solid revenue growth and healthier contribution to the bottom line. Sales increased from < $1M to over $6M in 2019 and SDE averaged $450k between 2018 and 2019, with 2021 closing with $516k SDE. Despite COVID, and even recent supply chain challenges, the business is continuing its growth path, keeping stable margins, and maintaining a healthy backlog. 2021 exceeded managements revenue forecast while keeping targeted gross margins of 36% and resulted in the highest SDE & EBITDA under current ownership. Real estate offered for an additional $510K, includes a 24.5K SF lot with two buildings ~15,200 SF, in a historic area currently being revitalized by the city. Further details, including industry specifics, will be provided after executing an NDA due to confidentiality. MOST IDEAL for an owner operator. Business is SBA Pre-Qualified, however cash buyers will be prioritized. Buyers must have a minimum of $750k cash to be considered and be assured of continued co-op relationship currently in place. Location: Houston, Texas Year Established: 1935 Number of Employees: 23 Facilities: Previously a retail business over many decades, it has transitioned to a distribution model, targeting a specific audience. The retail still remains onsite, however, only makes up about 5% of total revenue. Has substantial community presense and historical appreciation. Market Outlook/ Competition: Nationwide competition exists, however has no advantage over pricing due to co-op association. Potential for this business to reach more consumers online similar to its competition. Growth & Expansion: Seller ready to guide to new owner to transform the business to its next phase and has the plan to get there, but is ready to retire and let more energy further evolve the business. Currently serves Waco down through the Valley. No territory restrictions and opportunity to expand within Texas and other states.