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Manufacturing Business In Berks County For Sale

Berks County, Pennsylvania, US
Asking Price:
$100,000 (USD)
Sales Revenue:
$220,000 (USD)
Cash Flow:
$110,000 (USD)

This is a well established manufacturer and e-commerce branded retailer. Licensed as a manufacturer in Pennsylvania and known for offering high quality, customized products... "New Listing Price update: 1. The FDA extension letter the seller received 3 months ago was written September 2020 2. The seller had to close down for 6 weeks after a shipping moratorium in April (FedEx and UPS stopped all shipping of all such products, following a governmental demand) USPS was supposed to stop shipping as well but didn’t… after 6 weeks the seller started shipping again. During that time they obtained licenses in 26 states… they and others had been shipping previously without getting licensed. 3. their sales have been cut to 50% of the past year as they now don't sell to the other states at present. (they got licensed in states that don’t charge too much $) . 4. their gross Profit is roughly 44% 5. the seller is expecting another FDA extension as the FDA are behind by 10 to 12 months in even letting applicants know they have received their initial applications… but the seller doesn’t have any proof it will happen 6. The seller doesn't expect to hear from the FDA until this coming September 2021. 7. As a consequence the seller has lowered their asking price to $100,000. Including work database computer and manufacturing equipment and roughly $5,000.- 10,000. Of inventory. the following was published roughly in March2021..." Prior to the preceding update above... Recent recipient (2021) of an FDA approval letter for 31,800 SKU's of variant product which lowers hurdles to future expansion. Having found additional distribution channels, this business is poised to grow by scale.

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33416 for instant access to this business information.

Business Operation

Reasons for selling:

Other interests

Employees:
2FT
Years established:
2018

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$2,500 (USD)
Inventory / Stock value:
$30,000 (USD)

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