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Import /Wholesale/Merchanding Business

Myrtle Beach, South Carolina (Horry County)

Wholesale/Dist. - Nondurable Goods

Asking Price $1,350,000 Inventory $547,500* 
Gross Income $1,622,100 Real Estate $850,000** 
Cash Flow $180,463 Year Established 1988
FF&E $73,100* Employees 5 ft- 7 pt

* included in the asking price

** not included in the asking price

Serving the Eastern Us from its coastal Southeastern location this 20 year old ,well established Import/Wholesale Merchadising company is offered for acquisition at $1.350M. Current owner of eight years wishes to retire and has grown the company to nearly $1.7M in sales and cash flow of just uner $200K. Inventory averages $550K with periodic adjustment upon port arrival of Chinese containers. Chinese agent handles procurement and logistics. Various manufacturing relationships exist and will convey. As a vertically intergrated company this enterprise benefits from managerial relationships with"Big Box" retailers and nationwide chains and holds many vendor numbers to facilitate orders and placement of merchandise. Large and medium privately held gift shops and specialty retailers make up the balance of the customer base. The business operates out of a 15sf warehouse that is owned by the Seller and is also offered for sale under separate contract at currently less than $1M. The Seller's financial institution has expressed interest in funding the business and real estate acquisition for a qualified buyer. Real estate may also be leased with the first right of refusal on the purchase. Payroll of nearly $230K involves 5 full time and 7 part time employees with business hours of 8:30 -5:00 M-F. Included are the FF&E of aprox. $75K. This investment opportunity is an exceptional fit for the international sales/marketing entrepreneur who wishes to take the business to the next level through greater market penetration using expanded locations and product lines. Contact Marshall Bryant at attmfb@att.net or Tom Conroy at 843-284-2378 Confidential

Facilities: 15,000 sf warehouse - seller owns and will consider a sale of the real estate under separate contract

Competition: Niche market position-

Growth/Expansion: Can add new products and locations- serves Eastern US from this Southeast American location

Financing: seller will consider some owner financing

Support/Training: Seller will train as needed

Reason Selling: Retirement

Business listed by

Tom Conroy

843-284-2378


Sunbelt Business Brokers


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