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| Unique Import and Wholesale Business for Sale| 2162508 | California | | 690183 | -- | | $Unspecified | -- | | | 144 | 35 days | |
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Listing: Unique Import and Wholesale Business for Sale
Location: Roseville, CA
Financials
Asking: $1,200,000
Gross: $2,200,000
Cash Flow: $355,000
Summary Description
A very unique, niche import and distribution company selling to specialty franchised craft and retail outlets. Most of this company s products are imported from China and some from Italy. The owners have simplified this business to the point of strictly ordering, stocking, cataloguing and shipping with all orders being shipped via UPS or FedEx, avoiding the need, logistics and liabilities of having in-house drivers and trucks. Business can be expanded by adding more specialty retail and craft stores or selling direct to home shoppers. This business has performed exceptionally well even in the tough economic times with 2009 projections down by only about 10% from 2008 and 2008 was up by 27% over 2007. The owner has also made some adjustments to margins, making the profitability in 2009 greater than that of 2008. The reason for sale is that the seller owns another business, totally unrelated to this business, that is geared to go internationally and is a great target for a much larger public entity to acquire in the near future. This business is housed in about 20,000 square feet of warehouse space in a suburb of Sacramento valley with rent fixed at only $7,800/month through March, 2011. The business is projected to gross approximately $2.2mm with adjusted income of approximately $352,000 for 2009. It is priced to sell at $1.2mm and includes nearly $800,000 inventory and $60,000 accounts receivable.
General Information
Year Established: 1994
Employees: 4
Facilities: Approx. 20,000 sf industrial warehouse at $7,800/mo.
Market Outlook
Competition: Only major supplier in Western U.S.
Growth and Expansion: Can seek new customers, markets, etc.
About the Sale
Support/Training: Seller will train for six weeks at 30 hours per week. May consult longer.
Reason Selling: Moving; other business
4368
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