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Wholesale & retail distribution of arts and crafts products
| Asking Price: | $650,000 | Inventory: | $50,000 ++ |
| Gross Revenue: | $998,654 | Real Estate: | n/a |
| Cash Flow: | $219,186 | FF&E: | $40,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This unique distributor of arts and crafts products located in Southern California has a 35 year history of customer service that is unequaled. Their business is comprised of local artists, primary and secondary schools, colleges and universities as well as technical and fabricating companies with a total overall mix of 2/3 wholesale and 1/3 retail. They represent 29 companies and have dealer relationships with 16 more. They have had consistent sales of around $1M annually for the last five years that has translated to over $200K in owner benefit in each year but one. The company has been able to do this with just 3 employees.
About the Business
Year Established:1974
Employees:3 full time -
Facilities:They have for many years occupied a 4,000 sq ft building that the owner leases back to himself. The facility is presently completely utilized. The owner is prepared to offer a favorable lease. However, the business isn’t site sensitive so it is relocatable.
Market Outlook and Competition:Local competition does not exist. Any companies that have tried to compete over the last 35 years have closed their doors because this company has captured this market and their customer service is so good that their customer base doesn’t want to try anything new.
About the Sale
Management Training and Support:4 weeks @ 30 hours per week
Reason For Selling:Pursue Other Interests
Seller Financing:Yes, seller financing is available
KEYWORDS: wholesale, arts and crafts
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