BizEx101-JD: Internet Retailer & Distributer of condoms

Background:

General Location:Los Angeles, Ca
Category:Internet > Consumer Services (B2C)
Internet
Years in Business:18
Under Present Owner:18
Hours of Operation:On line - 9 to 5 for owner
Owner Hours:25
Training:3 weeks, 40 hours/week
Organization Type:C Corp
Lease Expiration:October 11, 2009
Lease Options:Negotiable
Building Size:1,400 sqft
Employees:3 FT; 1 PT

Reason for Sale:
Board Member Duties for other Organization

Financials

Asking Price:$800,000
Down Payment:Negotiable
Gross Sales:$975,000
Discretionary Cash Flow:$188,000
FF&E:$ 10,000
Inventory Included?Yes
Inventory:$ 30,000
Minimum Operating Capital:$ 20,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 2.291 / month
Payroll:$ 8,081 / month
Financing:Call

2009None...None...
Gross Sales 832,569None...None...
Gross Profit434,593None...None...
Disc. Earnings 188,000None...None...

* YTD as of None..., ** = Prorated.

Broker Info


John DeGolyer
Business Broker
(310) 882-2200 ext 109
LIC# 01859016

Michael S. Davidson
Business Broker
(310) 882-2200 ext 101
LIC# 01257681

Summary

This Internet business for sale is an online retail and wholesaler of condoms and other safe sex products. Worldwide, over-the-counter sales of condoms were estimated in the range of $3 billion in 2005 and expected to grow from 10 to 19 billion units within the next ten years. The company was founded 18 years ago and was the first independent retail operation specializing exclusively in condom sales. It was also, one of the first 100 e-commerce, shopping cart businesses on the web and has been featured in more than 1,000 newspaper, magazine, radio and television pieces, including such prominent national outlets such as The New York Times, The Los Angeles Times, Newsweek, USA Today, The Wall Street Journal, 60 Minutes. The website has been aged, has very good organic SEO and attracts 1.1 million visitors with limited marketing efforts. The company is a recognized brand and is recognized as a reliable and trusted source of products. The ideal new owner is someone who is savvy with internet marketing who can expand upon the current platform, and or has an existing business looking to expand into the young & health conscious market. For more information: Go to www.bizex.net , register and contact: John DeGolyer, jdegolyer@bizex.net or 310-882-2200 xt 109


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.