BizEx92-KF: Herbal Smoke, Inc.

Background:

General Location:Northridge, CA
Category:Wholesale/Distribution
Wholesale/Distribution > Non Durable Goods
Years in Business:4
Under Present Owner:4
Hours of Operation:M-F 10-6
Owner Hours:40
Training:4 weeks, 20 hours/week
Organization Type:LLC
Lease Expiration:January 9, 2008
Lease Options:3@ 1 year each
Building Size:2,400 sqft
Employees:1 FT; 3 PT

Reason for Sale:
Other business interests

Financials

Asking Price:$500,000
Down Payment:$500,000
Gross Sales:$400,000
Discretionary Cash Flow:$100,000
FF&E:$ 10,000
Inventory Included?Yes
Inventory:$ 200,000
Minimum Operating Capital:$ 10,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 2,350/month
Payroll:$ 2,000/month
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

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

Broker Info


Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Summary

Business for sale in the Los Angeles area is a branded name import and distribution company. A growing business in this economy? You better believe it! The company owns its own brand of successful products that it is distributing in the U.S. and is gearing up to move them into the global market. Sales have been expanding on a monthly basis and the future is wide open for this company. Product mix is a combination of consumable products that show a quality of being recession resistant. The company just recently signed with two high profile brands to private label their product for them. When these go into production the revenues will expand considerably. The owner has family business matters to take care of and needs to free up his time. He would prefer to maintain an equity stake in the business as he sees the potential of where this could go.
If you are looking for an opportunity to buy a small business that addresses a huge market and has worldwide sales potential, you can't afford not to take a look at this. A lot of the heavy lifting has been done so for the right buyer this could be a gold mine. Seller is motivated, but this is too big an opportunity to just give away. Make an offer and see if you can pick this up on your terms.
For more information please go to www.bizex.net and "register". You may also call Kendric Foultz direct at 310-968-2369


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.