Seller Financing Available
Gross Revenue: $1,505,921
Rate/Sq. Ft.: $5,254.00
* not included in asking price.
Profitable Wholesale Beauty Supply Distributor
Profitable Wholesale Beauty Supply Distributor
Highly motivated sellers need to sell due to health issues. Profitable, Longstanding Wholesale Distributor of Beauty Products and Supplies. This business is owned by two elderly couples with health issues who are looking to retire. There are many growth opportunities for this business that the Sellers have not acted upon (by choice, given their situation), such as expanding into additional sales and distribution channels, add additional sales reps, modernizing the company website, adding SEO marketing for direct sales, expand growth of existing accounts, plus other opportunities that Sellers will discuss once a confidentiality agreement is signed.
The product lines include many types of high quality beauty accessories such as hair clips, bands, makeup applicators such as brushes and sponges, an extensive line of high quality personal care mirrors, as well as other products. Most products are manufactured to the company’s specification by manufactures in Europe and Asia that the company has long-term relationships with including impressive terms. The company distributes to a highly-coveted Major Customer Account list that includes well-known national and regional pharmacy and beauty supply retailers such as CVS, Walgreens and other chains and independents outlets throughout the US. These types of customers are extremely hard to develop and this company has longstanding relationships with their customers and excellent shelf placement for multiple product lines. There is a solid network of third-party, independent sales reps including in-house sales reps in place. This is a business with a very strong foundation and several growth opportunities that the seller will discuss further once a confidentiality agreement has been signed. This easy to operate business has longtime employees in place including an office manager, warehouse manager and more. The current owners work minimal hours and the employees handle a large portion of the operations. This is a well-known and respected brand name in the industry. This business was created in 1994 by a merger of two existing, successful companies which were started in the 1980’s with related product lines. Elderly sellers with health issues are preparing for retirement. Sellers have maintained key retailer relationships that can be expanded on as per sellers. In recent years, sellers have slowed down on marketing and have not implemented any modern marketing techniques. Customer demand for their staple products remains very strong and creates a solid foundation for an active new owner to build from with an updated sales and marketing campaign. Seller will stay on and provide adequate training. Business is located in the San Fernando Valley area and has recently relocated from a larger facility to a more efficient space with easy freeway access. This has created significant annual rent savings and other savings, compared to the previous lease. The new lease term is short term and ends in May, 2017. This lease can be extended or the business can be relocated anywhere in the San Fernando Valley area. Sellers will provide training and will consider Seller Finance for a qualified Buyer with 50% down or more, depending on buyer’s qualifications. Asking Price does not include active Inventory on Hand which is currently estimated at approximately +/- $500,000 at cost. As per seller, inventory on hand is active, salable inventory and will be reviewed during due diligence and verified prior to closing. Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact Matt Coletta at email@example.com or 818-999-9621 to receive a confidentiality agreement and learn more about this opportunity to purchase a long standing, Profitable Wholesale Distributor of Beauty Supplies with coveted accounts.
Inventory: Not included in asking price
Real Estate: Leased
Building Sq. Ft.: 4,361
Lease Expiration: N/A
Facilities: Business is in an industrial area with good freeway access.
Competition: Although this is a competitive space, this company is a nationally-known brand with a wide product line and excellent placement in major retailers.
Growth & Expansion: Many ways for an active new owner to build upon the longstanding success of this company’s product line and capitalize on the well-known brand.
Financing: Seller will consider seller finance for a qualified buyer with significant down payme
Support & Training: Seller will provide training at no cost to a qualified buyer.
Reason for Selling: Sellers have health issues and are planning to retire.
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