Wholesaler - Jewlery Boxes and Plastic Bags

Los Angeles, CA (Los Angeles County)

Seller Financing Available
Wholesaler - Jewlery Boxes and Plastic Bags

Asking Price:$100,000

Cash Flow:$30,000

Gross Revenue:$200,000

EBITDA:N/A

FF&E:$5,000

Inventory:$125,000

Lease Rate/Sq. Ft.:$1.29

Established:1986

Wholesaler - Jewlery Boxes and Plastic Bags

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Business Description

Wholesale jewelry box and plastic bag business established for 30 years! Very well-known importer and supplier of jewelry boxes in and around Los Angeles! Supplies all kinds of jewelry boxes including Leatherettes, velvet, paper, cotton filled types of boxes. They also supply plastic bags including zip lock bags of various sizes. Also carries miscellaneous supplies for jewelry stores. Has a unique assortment of imported boxes. Very competitive prices. Located in the heart of Los Angeles downtown with a very reasonable rent of $1700 pm which includes electricity and trash removal. Seller will train new buyer in the wholesale business, introduce him to all clients and vendors and stay back as a part time salesperson if needed for some time for a comfortable transition. Good books and records. Does not have a website! Build a website and sell online also! Seller is over 80 years old! Does not do any marketing or advertising. Business needs new, young blood to take it to the next level. The price of $120,000 includes inventory of over $120,000. The seller may carry a note of about $25,000 for 2 years for a qualified buyer. Motivated seller.
For more information, please contact Mike Jasani at (818) 342 5222 ext.445 or cell phone 818-723-5150 or email: msjasani@gmail.com

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
3/1/2019
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Seller will carry $25K to qualified buyer
Support & Training:
4 weeks at 20 hours per week following close of escrow
Reason for Selling:
Retirement

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Mike Jasani

Business Listed By:
Mike Jasani

Sunbelt Business Advisors

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Sponsoring Broker:
Massoud Javadizadeh

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