Tool & General Merchandise Importer
| Asking Price: | $1,250,000 | Inventory: | $600,000 ++ |
| Gross Revenue: | $2,854,198 (comments below) | Real Estate: | $850,000 ++ |
| Cash Flow: | $71,333 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2005 | |||
| Cash Flow Comments: 2005 | |||
This well established import, wholesale distributor focuses on multiple lines of durable goods, general merchandise, furniture and a variety of tools. They have a well established clientele of over 100 accounts ranging from dollar plus stores, variety stores, Furniture Stores, Tool and power equipment stores, located in the Michigan and Surrounding States.
Operating out of a 53,000 sq. ft. seller owned warehouse/distribution center. This business has over $3 million in revenue with no one customer accounting for more than 5% of the company’s sales. The company has been in business since 1984 under current ownership. Seller is ready for retirement. With an increase in sales effort (the owner is the only salesperson now) and more trucks, the sky is the limit. The Seller can teach a Buyer how to increase the Net Profit by 3% to 5% an additional $90 to $ 100K in net Profits.
Operating out of a 53,000 sq. ft. seller owned warehouse/distribution center. This business has over $3 million in revenue with no one customer accounting for more than 5% of the company’s sales. The company has been in business since 1984 under current ownership. Seller is ready for retirement. With an increase in sales effort (the owner is the only salesperson now) and more trucks, the sky is the limit. The Seller can teach a Buyer how to increase the Net Profit by 3% to 5% an additional $90 to $ 100K in net Profits.
About the Business
Year Established:1984
Employees:8 full time - 1 part time
About the Sale
Reason For Selling:Retirement
Seller Financing:Yes
KEYWORDS: import, distribution, wholesale, tools, furniture, general merchandise
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