Import/Wholesale/Merchandiser-Business Available For Sale

Business description

Serving the Eastern U.S. from its coastal Southeastern American headquarters,this 20 year old,well established Import-Wholesale-Merchandising company is offered for acquisition at $1.350M. Current owner of eight years wishes to retire and has grown the company to nearly $1.7M in sales and cash flow of just under 200K. Inventory averages $550k with periodic adjustment upon
port arrival of Chinese containers. Chinese agent handles procurement and logistics. Various manufacturing relationships exist and will convey.
Comments: As a vertically intergrated company this enterprise benefits from managerial relationships with "Big Box" retailers and nationwide chains and holds many vendor numbers to facilitate orders and placement of merchandise. Large and medium sized privately held gift shops and specialty retailers make up the balance of the customer base. The business operates out of a 15K sf warehouse that is owned by the Seller and is offered for sale under a separate contract at currently less than $1M. The Seller 's financial institution has expressed interest in funding the business and real estate acquisition for a qualified buyer. Real estate may also be leased with the first right of refusal on purchase.

Payroll of nearly $230K - involves 5 full time and 7 part time employees with business hours of 8:30 -5:00, Monday -Friday. Included are the FF~E of aprox. $75K.

This investment opportunity is an exceptional fit for the international sales/marketing entrepreneur who wishes to take the business to the next level through greater market penetration using expanded locations and product lines.

Property information

Real Estate:

Lease

Location:

Eastern U.S. coastal Southeastern

Other information

Reasons for selling:

Owner retiring

Financing available:

The Seller 's financial institution has expressed interest in funding the business and real estate acquisition for a qualified buyer. Real estate may also be leased with the first right of refusal on purchase.

Furniture / Fixtures value:

$73,100 (included in the asking price)

Inventory / Stock value:

$547,500 (included in the asking price)