Profitable Specialty Event Vendor With Excellent Margins For Sale.

Mecklenburg County, NC

jewelry
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Asking Price: $110,000

Cash Flow: $45,000

Gross Revenue: $150,000

EBITDA: $30,000

FF&E: $10,000

Inventory: $40,000

Established: 1993

Profitable Specialty Event Vendor With Excellent Margins For Sale.

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Business Description

SIGNIFICANT PRICE REDUCTION BY MOTIVATED SELLER DESIRING TO RETIRE AND TRAVEL!!! ALL REASONABLE OFFERS FROM QUALIFIED BUYERS WILL BE SERIOUSLY CONSIDERED!! Successful turnkey 26-year old jewelry and handbag business for sale which works primarily with hospitals as a preferred vendor and booth exhibitor at fund-raising events in a three-state area. Sales typically run two days per week with no weekends or holidays, and the owner picks which events to work based on event schedule, hospital size, and company’s historical relationship with the institution.

The owner has elected to concentrate on hospital events, though other industries could readily be worked as a new owner desires, such as office complexes, trade shows and conventions. An appreciation of jewelry and general merchandising plus positive people skills are necessary to ensure success. A sale of the business includes all inventory, display cases, equipment, containers, and a well-maintained E350 box truck with lift gate. In addition, all recurring accounts and event bookings through 2020 are included in the sale, as well as extensive lead lists with the potential for substantial future profitable growth for an energetic new owner.

Normal profit margins approximate 40% of sales on a consistent basis, and historical revenues have ranged from $150,000 to $300,000 depending upon how many events the seller has chosen to work. The growth potential for this business is essentially unlimited and dependent upon the owner’s vision for the business. The limited overhead for this home-based business provides an excellent base for significant profitable growth by a new owner. Seller will make all appropriate introductions and provide buyer with extensive “hands on” training.

This profitable and well-positioned business offers significant expansion and industry diversification possibilities to a new owner. CALL or E-MAIL TODAY while this profitable specialty business is still available!! OWNER READY TO RETIRE!!!

Detailed Information

Inventory:
Included in asking price
Employees:
I/Cs, As Needed.
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Secured storage rental facility for display, fixtures, supplies and inventory. Facility provides secure lot parking for company box truck. (Home Based)
Competition:
Limited competition due to the nature of the business with hospitals only inviting a select few well established vendors each year. Most hospital events feature only one vendor exhibiting its merchandise, and the company is frequently the preferred vendor because of its extensive and high-quality merchandise displayed, including sterling silver jewelry which is not carried by the other vendors.
Growth & Expansion:
The growth and expansion will depend on the desire and effort of a new owner. Current owner will provide all the contacts for adding additional shows and provide all marketing information regarding vendor conferences.
Financing:
Limited seller financing possibly available for a qualified buyer.
Support & Training:
Seller will provide buyer with sufficient "hands-on" training in all aspects of the business to ensure a smooth transition. Training will range from show booth/exhibitor requirements, show set-up, and introductions to wholesalers and key hospital employees responsible for show scheduling.
Reason for Selling:
Retirement and Personal Travel.
Home-Based:
This business is Home-Based
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(from currently available funds)
 
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Buff Moore

Business Listed By:
Buff Moore

CFC, Inc.

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