Bidding Opens Monday October 26, 2020 --- Bidding Closes Friday, November 6, 2020
Davis Supply Company
Overview
Founded July 4, 1950, and family-owned for 70 years, the Davis Supply Company is well-known and is operating at the same location today. The loyal customer base is made up of oil & gas customers, agri-business customers, local farmers and ranchers, retail clients and many more. The business is strategically located in the farm and ranch community of Archer City, Texas just west of Wichita Falls on the southeast edge the Electra Oil Field. The company operates from a 10,000 sf retail shop with offices, a 4,900 sf warehouse, and equipment storage yard.
Principal products sold include typical hardware and automotive supplies. However, a significant portion of sales (specialized products) are dedicated to oil & gas customers who operate in the local area. Sales and profits have been strong and consistent. And, with limited competition in the area, room for growth exists.
The business sells in its entirety and includes the furniture, fixtures, equipment, inventory, and real estate. The owner has set the stage with a great reputation for servicing the needs of his customers and is willing to stay and help the new owner through a limited transition period or to consult as needed. This kind of revenue and profits coupled with long term valued employees will give the new owners a great start in this market. This business is a great opportunity for someone who is good with relationships, customer service, and sales. Owner is ready to retire and welcomes a new owner to continue and grow the business.
Select Financial Information
- Gross Annual Sales: $975,000
- Net Cash Flow: $125,000
- Inventory: $1,200,000
- Real Estate: $380,000
Auction Information
Minimum Opening Bid: $437,500
The business will be sold to the highest bidder at/or above the Minimum Opening Bid. Please contact Auctioneer for specific Terms & Conditions of sale. You must register with the auction company to receive the Property Information Packet and to place bids.
Auctioneer
The Auctioneer, Matthew Armstrong, holds an active Texas real estate and auctioneers license.
Texas Department of Licensing & Regulation - Auctioneers License #17082
Texas Real Estate Commission - LLC Brokers License #90005615