Import & Distribution of Fitness Products Business For Sale

Business description

For over 15 years, FPC, Inc. has been selling select fitness products to its client base in the Southwest US including corporate, retail and government accounts. As an importer, the company has created working relationships with various suppliers worldwide especially in Asia to ensure product quality and timely delivery.

Currently, the company’s roster includes 10 employees which encompass two key people including an Office Manager and Purchasing/Materials Manager responsible for overseeing most critical aspects of daily operations. Additionally, the company employs an inside sales representative and 2 outside independent reps.

The last three fiscal years have shown strong stable growth wherein 2008 is on-track to be a banner year with gross revenues and adjusted earnings anticipated to exceed $2.8MM and $700K respectively.

The owner is seeking to retire and is also willing to stay on for an extended transition period.

Disclaimer: Information has been provided by the Seller(s). Broker has not verified this information and makes no representation as to its accuracy. Prospective Buyer(s) should rely upon their own verification and that of their financial and legal advisors.

Property information

Real Estate:

Lease

Lease terms:

Real Estate is shareholder owned.

Other information

Reasons for selling:

Retirement

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$516,197