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Distributor Of Buttons, Costume Jewlery, Trim, Beads
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $600000
Net Profit / Cash Flow $230000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1994
Number of Employees 10 - 19
Inventory 4000000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training 4 weeks, 40 hours/week.
Reason for Sale Owner is 68 and wants to retire.
Description This Los Angeles based business for sale is the largest distributor of beads, buttons,costume jewelry and trims, on the West Coast. They carry over 100,000 items. The owner operated business was started in 1988 as a retail operation and in 1994 changed to its present format to go after the wholesale market. Currently, the revenues are evenly divided between whole and retail. Most of of their clients are based in the Los Angeles area and know them already. They either call for items they are interested in or they drop by and walk through the facility to view the inventory. They used to do trade shows, but the employees who ran it for him left and he has not replaced them. This generated sales for the company and is another growth opportunity.They only have about 5% of their inventory on the internet and that now accounts for approximately 10% of revenue.
The business generated revenues of $600,000 last year. The Discretionary Cash Flow is $230,000. The wholesale inventory is valued at a wholesale value of $4,000,000. The owner is 68 years old and is selling because he wants to retire.
The ideal buyer would be somebody with the ability to catalog the inventory and place it on the internet. The seller believes that this could generate a big increase in revenues.
Because the operation is being offered at such a large discount to the wholesale value, the risk/reward ratio is very attractive. Interested parties should email or call Dan Munter at (310) 882-2200 Ext 121 for more details on this exciting opportunity!
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