Import Company established Nets over $275K Easy to run Sales just come

Orlando, FL (Orange County)

Seller Financing Available
Import Company established Nets over $275K Easy to run Sales just come
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Asking Price: $350,000

Cash Flow: $278,000

Gross Revenue: $1,900,000

EBITDA: N/A

FF&E: $55,000

Inventory: $350,000*

Rent: $3,360 /Month

Established: 2014

*not included in asking price.

Import Company established Nets over $275K Easy to run Sales just come

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Business Description

Import company that brings in about 2 containers a month & has about $350K of inventory at low level The business has 3 product lines gifts, linens & luggage that it only sells wholesale It is located in 4500 S/F of rented area close to its customers All sales are cash & check, no credit/credit card financing is extended The business has two part-time staff as needed to run the warehouse No sales or marketing efforts are undertaken by owner & he is the only sales person that the company has Gross sales of $1.9m in 2018 are spread over the 3 product lines carried & 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 years & can import many other lines that 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 & can assist a buyer or train a buyer in the import business that will be priceless as his system is all set up & running and making a profit.

Detailed Information

Location:
Orlando, FL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
8,500
Lease Expiration:
1/31/2021
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,500 S/Feet with high ceilings close to all of the customers
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.
Financing:
$100,000 over 3 years
Support & Training:
Seller will train for four weeks and be on call to help a buyer.
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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