Import Company established Nets $200K Easy to run Sales just come in

Orlando, FL (Orange County)

Seller Financing Available
Import Company established Nets $200K Easy to run Sales just come in
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Asking Price: $400,000

Cash Flow: $202,000

Gross Revenue: $1,050,000

EBITDA: N/A

FF&E: $55,000

Inventory: $150,000

Rent: $3,360 /Month

Established: 2014

Import Company established Nets $200K Easy to run Sales just come in

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Business Description

Import company that brings in about 2 containers a month & has about $150K of inventory at low level The business has 3 product lines gifts, linens & luggage that it only sells wholesale It is located in 8500 S/F of rented area close to its customers All sales are cash,check or credit card, no other financing is extended. The business has two part-time staff as needed to run the warehouse. No sales or marketing efforts are undertaken by the owner and he is the only salesperson that the company has. Gross sales of over one million for this year ( 2019 ) are spread over the 3 product lines carried and are split, luggage goods 80%, gifts & linens 10% each. The seller has had the import company for five years but has been in the gift & luggage business for many years & can import other lines that will go hand in hand with the same customers base he already has. Seller is ready to retire. The seller has many connections with overseas factories and can assist a buyer or train a buyer in the import business that will be priceless to a buyer. This system is all set up and running, making a profit and making a profit. You do not have to fix this business.

Detailed Information

Location:
Orlando, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,500
Lease Expiration:
1/31/2021
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8,500 S/Feet of warehouse with high ceilings close to all of the customers that is very inexpensive for the area and is about to be extended for another 3 years.
Competition:
Yes, there is competition but the seller gets a large share as his products are very good and he knows the business.
Growth & Expansion:
Obtain other lines and just keep the same products that work coming in on a regular base.
Financing:
50,000
Support & Training:
Seller will train for four weeks and be on call to help a buyer. after the sale.
Reason for Selling:
To retire and go back to his own country.
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John Price

Business Listed By:
John Price

John Price Broker & Associates

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