Wholesale Distribution - East Coast

Myrtle Beach, SC (Horry County)

Seller Financing Available
Wholesale Showroom
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Asking Price: $375,000

Cash Flow: N/A

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,625 /Month

Established: 2003

Wholesale Distribution - East Coast

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Business Description

This confidential listing is an import company specializing in the bulk sale of coastal wares to stores throughout the east coast. With over 15 years in business, the client base is extensive and includes multiple 6-figure accounts. The central location, low overhead costs and excellent reputation in the industry all contribute to the company’s success. Gross annual sales are between $1 -$1.5 million and continue to grow annually. The annual owner benefit averages 18%. The potential for growth will appeal to a business-minded individual or group of entrepreneurs.
The lease space currently occupied is approximately 15,000 sq. ft. and ideally located on the coast of South Carolina. This location gives a competitive advantage with most clients within a 350 mile radius. It offers lobby space, a showroom, private office space, front of house storage, a printing station, warehouse storage, a receiving station and a loading dock. The new owner has the option of continuing to lease this space or relocating.
Staff includes part-time and full-time individuals as well as out-of-state sales representatives. The name, goodwill, FF&E and all client accounts convey with the purchase of this business. Inventory will be available for purchase separately. The inventory on-hand varies depending on the season.
The current owner will offer extensive training and long-term assistance for a smooth transition. The current owner may also offer financial assistance to a qualified buyer.
A signed NDA is required before additional information is provided.

Detailed Information

Location:
Myrtle Beach, SC
Real Estate:
Leased
Building SF:
15,000
Lease Expiration:
N/A
Facilities:
The lease space currently occupied is approximately 15,000 sq. ft. and ideally located on the coast of South Carolina. This location gives a competitive advantage with most clients within a 350 mile radius. It offers lobby space, a showroom, private office space, front of house storage, a printing station, warehouse storage, a receiving station and a loading dock. The new owner has the option of continuing to lease this space or relocating.
Growth & Expansion:
Opportunity for extensive growth.
Financing:
Financing Assistance may be available for a qualified buyer.
Support & Training:
The current owner will offer extensive training and long-term assistance for a smooth transition. The current owner may also offer financial assistance to a qualified buyer.
Reason for Selling:
Owner is retiring.
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Paige Kennedy, BIC

Business Listed By:
Paige Kennedy

Carolina Commercial Real Estate

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