Worldwide Niche Distributor – No Competitors – Battery Operated Event

Hartford, WA (Snohomish County) (Relocatable)

Seller Financing Available
Worldwide Niche Distributor – No Competitors – Battery Operated Event

Asking Price:$700,000

Cash Flow:N/A

Gross Revenue:$2,204,925

EBITDA:N/A

FF&E:$50,000

Inventory:$800,000*

Real Estate:N/A

Established:1985

*not included in asking price.

Worldwide Niche Distributor – No Competitors – Battery Operated Event

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Business Description

This business is a wholesale distributor of unique gifts, lighted party/event décor and related equipment founded in 1985. They have no competitors on the same scale as they are and have many proprietary products. Their primary markets are the US, Canada and the Caribbean with exports to South America, UK, and Australia. Their customer base includes brick & mortar retailers, internet and catalog retailers, professional party/event companies, corporate event planners and related companies such as caterers, wedding planners, lighting companies and DJs, rental stores that offer party/event products, promotional product industry distributors, the floral industry, balloon stores and event related balloon decorators, nonprofit companies such as fund raising products for charities, colleges, high schools and other government entities, Halloween related companies such as operators of haunted houses, companies who buy specific products related to their industry such as military and industrial suppliers and exports to foreign companies in both the party/event and retail industries. The company has registered trademarks and exclusive distribution on certain products. It is located in Snohomish County, WA and occupies a 10,000 square foot warehouse and office space. The Company promotes thru its website, trade shows, an annual catalog, emailed advertising and mail. The customer base is increasing by 30-40 new customers per month. This is a growing company with a great opportunity to expand both its market place and product lines. The current owner is retiring and ready to hand over this dynamic and turnkey company.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
10,000
Employees:
4 FT / 1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company occupies a space of 10,000 square feet divided up into warehouse space and office space for administrative personnel and marketing salespeople. There is plenty of parking and easy access for delivery and pickup of merchandise. The base rent is $5,000 per month plus NNN charges. The Landlord is willing to give a 5 year lease with a 5 year option. The owner of the property is willing to consider an option to buy the property to a qualified buyer. The property includes other income producing buildings.
Competition:
The business has no competition – it is the go to company for the products it sells.
Growth & Expansion:
The current owner has never utilized social media or the internet – in a way that would maximize the growth of the company. The company does not have an online ordering system or a retail presence, The Company has only promoted thru 8 to 10 trade shows per year and publishing an annual catalogue. The new owner could start distributing to Big Box retailers (currently not done), add an online ordering system to the existing website and sell the product directly to the consumer, and add an international marketing team that would distribute throughout the World to major foreign markets. This would greatly increase the revenues and diversify the Company’s customer base.
Financing:
50% down, 5 year term, 6% interest
Support & Training:
The Seller will provide 2 weeks or more (negotiable) of onsite training on the day to day operation of the business, introduction to existing vendors, marketing strategies, importing expertise and ongoing support in order to help insure success for the new owner.
Reason for Selling:
The seller is retiring

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Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

KR Business Brokers

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