Distributor of Wholesale Import Merchandise
Wholesale and Distribution - Wholesale and Distributors | General Merchandise - Other General Merchandise
| Asking Price: | $295,000 | Inventory: | $100,000 ++ |
| Gross Revenue: | $612,000 | Real Estate: | n/a |
| Cash Flow: | $54,000 | FF&E: | $1,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Founded in 1983, this profitable owner-operated wholesale business has an excellent reputation of providing low-priced import products to thousands of retail businesses in the Oklahoma, Texas, Louisiana, and Arkansas region. The primary merchandise line is Asian import tools, to include general purpose, hand, power, pneumatic, mechanic, carpentry, and gardening (accounting for about 60% of revenue). Other imported goods from Asia include ceramic (poly-resin) products, silk flowers and plants, toys, dolls, household items, pictures, knives, swords, binoculars, and other miscellaneous items (accounting for about 35% of revenue). The remaining 5% of sales are from items such as saddles, horse tack, barnyard pictures, and other items imported from Mexico or obtained locally. This second-generation family-owned business boasts a well established client database of over 3,000 customers. The company currently employs 1 full-time and 5 part-time employees. There is much that would attract a potential buyer to this business, including the length of time established (25+ years), extensive customer database, excellent location, and very limited competition.
About the Business
Year Established:1983
Facilities:The business operates out of one 10,150 sq. ft. single-level building located on about 2/3rds of an acre on the frontage road of US Highway 75/69, which is within Durant’s city limits. Passersby can easily read the business sign from the highway. The building and land are available for sale ($235,000) or lease ($2,400 per month) in a separate transaction, and are therefore not included in the asking price. The owner will sign a lease with option to buy. The building could be expanded to over 30,000 sq. ft. at its current site.
Market Outlook and Competition:New owners could grow the business and create greater sales and profits in numerous ways, some of which include: (1) Establishing a mobile sales force to locate and sell to new customers (2) Developing a website and selling products over the Internet (3) Implementing a UPC bar-code system to automate inventory control, streamline the reordering process, speed customer order fulfillment, and also reduce labor costs (4) Increasing business operations to five or six days per week (currently open only four days a week) (5) Importing merchandise directly from Asia which would lower costs and prices, and increase sales
About the Sale
Management Training and Support:The owner has agreed to stay on through a reasonable transition period in order to acclimate the new owner to the business, employees, suppliers, and clientele.
Reason For Selling:The current owner is ready to retire after many successful years owning this business.
KEYWORDS: Wholesale Imports, Imports, Import merchandise
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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