Transworld Business Advisors is the leader in the marketing and sales of businesses, franchises and commercial real estate. Whether you represent an acquisition-minded corporation, or are personally interested in owning your own company, Transworld offers the professional services that successfully bring buyers and sellers together.
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I am selling my business because my husband is retiring and we want to travel and be available for other activities. This is an excellent business for someone who wants to own his or her own company and generate a healthy income. It is not overly complicated and the product is genuinely helpful....20,000 sold and many letters of thanks and appreciation. We make one product in 5 variations. I invented the product as a gift for my grandmother and upon leaving my corporate role in 2006, created a business around this idea. Each unit is a hand held therapeutic comfort for those who are otherwise limited due to a variety of conditions but has really found its niche with the Alzheimer's and dementia population. Over 90% of our sales are to repeat wholesale customers who have their own business marketing products to this population and their care-givers. In addition, our own website allows us to retail the product and provide useful information about its use. It's also a means for new wholesalers to contact us. Sales have grown year over year and 1st quarter 2014 is up 147% over 1st quarter 2013. But this can/should be more than selling and shipping out orders. The community that this product gives access to is a wonderful, caring group of individuals. There are a growing number of conferences, workshops, magazines, blogs etc which the new owner can get involved with and enjoy!
Operations of the Company
This has been an easy "one person show". In 15-25 hours a week, I can take orders, pack and ship product and do the invoicing and banking. Once or twice a year it is necessary to place an order with the manufacturer (who will ONLY make this product for us). Each unit comes in a plastic zip bag, complete with hang tag and gadgets attached. I perform a quick quality control inspection, taking it out of the bag and ensuring everything is as it should be, before returning it to the bag. Currently all inventory is held in a local storage unit (which in Chicago is costly!). The space needed varies depending on inventory quantities but a 8' x 12' unit is usually satisfactory. The new owner may have a dry garage or basement which would work fine. Currently there are 4,500 units in stock but a new order has been placed for a further 2,400 so as not to leave the new owner short of popular products. Manufacturing from contact to delivery is ~ 5 months.
The inventory alone if sold at retail costs would generate $296,000 income and $193,000 if sold entirely wholesale.
2013 Revenue $125k
Expenses: Cost of Goods Sold: 46,700
Rent: 6,200 (home office and storage unit)
Labor: 55,000 (taken out as profit)
Shipping: 4,300 (buyer pays shipping in all cases)
TOTAL Expenses: $16,357 plus 'labor' payment
Asking price: 180k plus the 'at cost' inventory (which could be around 60-70k)
My Ideal Buyer
I envision the new buyer having come from a 'care/medical' background...perhaps at a corporate level. Maybe it's time to get out and be your own boss and you have some money to invest. You probably enjoyed working with colleagues and this business gives you and important role in a caring community. You are smart and mature but have a heart and will be touched by the personal responses of how 'this was the perfect gift for my grandparent'.
Wholesale distribution business. Durable goods with existing customer base and established relationships.
Chicago Suburbs, IL
This established consumer electronics wholesale and importing company with a very established mass retailer and sales channels in the US and abroad has developed cutting edge and fun consumer electronics related products is seeking a more capitalized acquirer to assist with their explosive growth initiatives. New product initiatives include robotics and artificial intelligence software for consumer electronic products related to the firm’s current product line. The company works an exclusive agency in Mainland China to oversee all sourcing, production, QC and engineering modification for their products and has a very longstanding relationship with this agent. The company has been able to adapt and capitalize on the rapid changes in the consumer electronics industry to bring new, exciting and unique products to its vast global customer base in an ongoing basis. This company could be an ideal acquisition for an investor group with consumer products experience that are capitalized to fuel very quick growth, as sales channels and relationships have existed for a long time. This could also be an excellent fit for offshore entities seeking to gain a distribution and sales presence in the US.
Omni Containment Systems has been an innovator in rooftop grease containment and other industrial hood ventilation solutions since 2000. With four patents and a distribution network that stretches across North America, Omni and its products are positioned to resolve the more stringent National Fire Protection Association (NFPA), International Fire Code (IFC), Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) rules, regulations and laws.
Company products hold key intellectual products patents that are becoming more prevalent each year with the updates to the laws, regulations and codes. Associations such as the International Kitchen & Exhaust Cleaning Association (IKECA) and (Restaurant Facility Maintenance Association) RFMA are also driving service company, distributor and end user compliance by educating each sector of business as well as the Authorities Having Jurisdiction who are tasked with management of code compliance by jurisdiction throughout North America.
Company will continue to capitalize on the increase in regulations and the requirements for its products become a necessity, where they have been a luxury or insurance policy in the past.
The market for the company's products is expected to reach over $100 million dollars within five years due to regulatory compliance issues.
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