NICHE MFG/IMPORTER DISTRIBUTOR
Location: > New York
Industry: Wholesale and Distribution > Wholesale and Distributors
Financials
Gross Revenue: $29,000,000
Cash Flow: $6,500,000
Seller Financing: Possibly.
Business Summary
For fifty years this business has been a leading manufacturer, designer and marketer of a wide variety of “Proprietary Licensed Products” distributed primarily in North America. The business enjoys an excellent reputation for creating and developing products that have been recognized as the best selling in their respective categories under national brand names as well as under proprietary labels. Core lines include decorative home furnishing items, kitchenware and houseware products, consumable cleaning products, personal care items, and electronic accessories. The company has expertise serving virtually every classification of trade and is fully committed to innovative product offerings, unsurpassed quality, and world class retail service. Product orders are strictly tied to purchase orders and sourced from major vendors located primarily in China. The company utilizes fully automated public warehouse facilities in the USA with state of the art operations network which enables 99% on time shipments. The company maintains outstanding client relationships in some cases spanning three decades and specializes in day- to -day EDI replenishment programs which allows quick response shipping and up to the minute tracking of sales trends. Also provided are specially priced in and out promotions for trade events with short lead times. Additionally the company provides a comprehensive range of value added support services such as product development, point of sale data analysis, trend forecasting plus purchasing and inventory management. The company utilizes a Hong Kong office to manage and maintain high-level product quality control, purchasing, expediting of orders and correct documentation. Corporate success is a direct result of exceptional sourcing ability, new product development, plus a commitment to high quality and competitive pricing. The company’s one hundred and fifty accounts include mass merchandisers, TV shopping networks, grocery chains, department stores and specialty electronics chains. Executive office space and showroom consist of 10,500 square feet with twenty employees in its administrative, sales and design departments. Senior Management is available long term.
About the Business
Year Established: 50
Employees: 20 full time -
Facilities: Executive office space and showroom consist of 10,500 square feet with twenty employees in its administrative, sales and design departments.
About the Sale
Management Training and Support: Senior Management is available long term.
Reason For Selling: Retirement and other investments.
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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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