25 Year Known Wholesale Brand Owner Retiring

Atlanta, GA (Fulton County) (Relocatable)

Hundreds of wholesale furnishings and home decor
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Asking Price: $425,000

Cash Flow: $300,000

Gross Revenue: $2,000,000

EBITDA: $300,000

FF&E: $75,000

Inventory: $225,000

Rent: $13,000 /Month

Established: 1994

25 Year Known Wholesale Brand Owner Retiring

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Business Description

Established in 1994, this company has been a leader in wholesale distribution with excellent overseas relationships with established factories and design manufacturers in India, China Vietnam. Our specialty is vintage themed home furnishings and home decor objects with many well done reproductions. The brand name is a registered trademark and has been maintained. The website is highly ranked in google search. Existing website sales are in excess of $1MM per year with order minimums averaging $500+ per order. Cashflow is very positive. Third party relationships are current with Amazon, Wayfair and more.

Previous successes garnered additional sales in wholesale showrooms throughout the U.S., and with independent road reps and group sales. Two larger key accounts remain. Business could be easily relocated. Existing inventory of products and FFE totals over $300K. Current facility in lease through early 2021 with all storage, racking, loading docks and 3PL relationships in place. Broker / Import bond can easily be transferred and renewed with long standing freight forwarder for incoming containers through the port of Savannah, GA.

2018 sales topped $3MM with over 4,000 active customers, and 18,000+ registered email users for the website. Owner has enjoyed a $300k salary and benefits for the last 5 years. A modern IT system in place with strong network, firewalls, shipping computers fully integrated and more. Current front offices (9) have several common work areas, 4 bathrooms, conference room and lockable storage. Warehouse has a full kitchen and break area and two bathrooms.

There are multiple dock high loading docks, a drive in ramp dock, and two ground high roll up doors for vehicle access. Pallet wrapping machinery, Scissor Lift, warehouse ladders, pallet jacks and more are in place inside this fully finished warehouse environment. A 17' Mitsubishi Fuzo truck with a liftgate is available for local pick ups and delivery. There have been zero incidents, claims, lawsuits or recalls in the history of this company.

Full customer lists with order history and order processing software that also does automated inventory management are fully in place with a loyal crew of long term employees. Owner is retiring this summer and is beginning the process of scaling down the operations for an immediate sale.

Asking price: $425K negotiable with inventory and other assets.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
28,000
Lease Expiration:
3/31/2021
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
28000+ continuous square feet, ample parking, lease term through 03-31-2021
Competition:
Excellent location, central to all of Atlanta and Georgia for inbound and outbound goods.
Growth & Expansion:
Tremendous opportunity to grow the footprint both brick and mortar, and online with new products, sales relationships and industry prowess. Existing customers are already in place for your products, too.
Financing:
Cash or other loan value at closing, no SBA
Support & Training:
90 days support and training by COO and owner
Reason for Selling:
Strong NDA must be executed by potential buyer and owner for more information
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Business Listed By:
Chief Operating Officer

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