Asking Price: $875,000 Gross Revenue: $984,411Cash Flow: $285,945 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $500,000 included in asking priceFF&E: $43,335 included in asking priceReal Estate: Not Disclosed Share 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.
This business is a great opportunity for someone to come in and take the business to the next level. This business has been in operation and profitable for thirty plus years. It presents a great opportunity for someone to take over and grow the business to the next level and beyond. This is a wholesale/distribution/import business. The market is the gift industry, the convenience store market, liquor store market and many other industries. They do business on line with Amazon, direct to the consumer on line and to dealers and retailers.
Products carried and distributed are: Stylish Sunglasses, Stylish Reading Glasses, Logo Sunglasses, Eye wear cords, displays, cleaning cloths and eye wear cases.
The Company purchases the majority of its products from manufacturing plants in Taiwan and China. The owners visit and reviews products from approximately five manufacturing facilities. The owners have the factories send by email pictures and then decides which samples to be brought in for review. The company has an agent in Taiwan that assists with the manufacturing tours when overseas.
About the Business
Number of Employees:
5 FT/3 PT
The business is currently located in the same building as the spouses business. The business can easily be relocated anywhere. A new location will need to be somewhere between 5000 and 10,000 square feet.
Competition is there and is of all varieties. Good and not so good. Product, price and service is a great differentiator. This business has been around for 30 plus years and has great products and has given great service over the years. All at a price making very good margins.
Growth & Expansion:
This business is well known, has many customers in the market place which puts it in a great position to grow. New blood and excitement should grow the business. Also bringing in new and different products can help take this business to the next level.
Wishes to reduce her daily workload of operating the business.
Will train for 4 weeks @ no cost. The business currently imports consumer products that are sold through boutiques, gift stores and convenience stores. The market can be expanded into other retail locations and also to other wholesalers/dealers. Also adding more products to the product mix can add additional revenue.
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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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