Retiring After 20 Yrs, Trading/Wholesaler/ Ongoing 15% Annual Growth

Fort Lauderdale, FL (Broward County)

Retiring After 20 Yrs, Trading/Wholesaler/ Ongoing 15% Annual Growth

Asking Price:$3,900,000

Cash Flow:$1,234,709

Gross Revenue:$27,840,863

EBITDA:$1,234,709

FF&E:$5,000

Inventory:$1,250,000*

Established:1978

*not included in asking price.

Retiring After 20 Yrs, Trading/Wholesaler/ Ongoing 15% Annual Growth

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Business Description

Niche Business, Can Be Run Remotely, Can be Relocated

Retiring owner has become a multi-millionaire with his 20 year, low-overhead trading business; buying low in markets where the products have little value. and selling at a hub marketplace where there is high demand. No customer concentration. All transactions are paid in full at time of sale, buyers mostly from the Caribbean, Africa, Latin America and Europe. Have a well-oiled disciplined system/machine to know all costs and what to expect for a price at market. The company knows all factors before the bidding begins, as well as what the market price range should be on the sell side. The enterprise uses all true contract 1099 labor that are paid 50% of the gross profit, after all costs to buy and sell have been accounted for. Very low overhead. Inventory at cost is not included in price.

Detailed Information

Inventory:
Not included in asking price
Employees:
1 F/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Office Building, Gross Lease, 776 S/F, expires 2/28/16, $1,050 per month plus sales tax. Includes janitorial and electric.
Support & Training:
Negotiable
Reason for Selling:
Seller in late 60's wants to travel with his wife & retire

Listing Statistics for Premium Members

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Bob Dolan

Business Listed By:
Bob Dolan

Dolan Sales, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The New York Association of Business Brokers (NYABB). Indicates membership in The New England Business Brokers Association (NEBBA).

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