Established in the early 1980's with a product developed by the owner the business now sells over 300 products throughout the country, to office product retailers, through Grainger, Amazon , and other outlets.
The company identity is that it sells ergonomically friendly products-their initial products were quite innovative and manufactured in the US (and still are); they have since added hundreds of products manufactured elsewhere.
The loss of a major customer (customer sold/merged with a competitor) significantly impacted sales and profits. In the wake of a drop in sales and profits the company borrowed money to finance operations .
Prospects based on increased marketing and sales are good-but working capital is needed to finance the purchase of inventory.
Ideally the company owner wants an investor to provide working capital and finance growth.
Sales over the past five years have ranged from $2,127,661 (20130 to $914,814 (2017).
EBITDA -including officer comp. has ranged from over $500,000 in 2013 to about $225,000 in 2017.
Sales are down in 2018. The owner-in addition to ramping up sales efforts-has reduced operating costs. The response to sales efforts has been positive.
About the Business
Number of Employees:
Building Sq. Ft.:
3000 s.f-warehouse and office
Other office supply chains-however subject company specializes in ergonomic products
Asking Price: $1,500,000 Gross Revenue: $914,000Cash Flow: $225,000EBITDA: $225,000Inventory: $131,000 included in asking priceFF&E: $250,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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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
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