A wooden and synthetic products distributor primarily serving the marine industry across the Eastern US, Canada, Caribbean, and the Middle East.

Key Aspects

Revenue grew at a compound annual growth rate (CAGR) of 15.3% from 2018 to 2021
Management forecasts approximately $8.8 million in sales in 2022
Average gross profit margins of 35% from 2018 to 2021; excluding unrelated costs to operations
Exclusive distributorship of a synthetic decking brand in North and South America
Extensive product range of over 25 wooden and synthetic panel products
Sales presence on three continents
High cash flow business; receivables rarely exceed 30 days
Low customer concentration

Opportunities

Headquartered

Current Markets

The company provides its products to the marine, furniture, construction, and consumer industries across the Eastern US, Canada, Caribbean, and the Middle East.

Real Estate

The company operates from two facilities totaling 34,000 sq. ft. Both sites have room for continued growth. The owners of the company also own both buildings and are willing to include them in the sale or enter into a long-term lease agreement.

Shareholder Objectives

The company is owned by two shareholders, one of whom is inactive. They are looking to retire to pursue other interests. The active shareholder is willing to negotiate a future role with the company.

Benchmark International

Distributor of Wooden and Synthetic Products – BN000037983