Party Novelties Manuf/Dist Branded Worldwide. OC Based
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Background
| BizEx ID: | BizEx1274-EM |
|---|---|
| General Location: | Orange, CA |
| Category: |
Retail Wholesale/Distribution |
| Years in Business: | 28 |
| Under Present Owner: | 28 |
| Hours of Operation: | 8:00 am - 5:00 pm |
| Owner Hours: | Varies |
| Training: | 4 weeks @ 30 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | Month to Month |
| Lease Options: | Buyer to sign a new Lease |
| Building Size: | 5,200 |
| Employees: | 4 |
| Reason for Sale: | Other Opportunities |
Financials
| Asking Price: | $1,150,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $1,000,000 |
| Discretionary Cash Flow: | $400,000 |
| FF&E: | $173,500 |
| Inventory Included? | Yes |
| Inventory: | $125,000 |
| Min. Operating Capital: | TBD |
| Real Estate Available? | No |
| Rent: | $4,160 |
| Payroll: | $8,800 |
| Financing: | Seller |
| 2019 | 2018 | 2017 | |
|---|---|---|---|
| Gross Sales | $ 1,060,000 | $ 950,000 | $ 988,000 |
| Gross Profit | $ 525,000 | $ 481,000 | $ 477,000 |
| Disc. Earnings | $ 377,000 | $ 340,000 | $ 301,000 |
Pictures
Description
Manufacturer and Distributor of Branded, Fun Novelty Party Products
Since 1992, this Orange County, CA based company has dominated this niche area of Party and Entertainment Products. No other company has come close to their large, worldwide distribution network of 1,000s of retailers and distributors - including Australia, So. America, Canada and Europe, On-line presence includes Amazon and Walmart, and high repeat customers.
2019 - $377,000 Net Income from $1,000,000+ in Annual Revenue
2020 - Seller's Note: " Business is better than ever. Our Amazon orders are up 300% from the prior year.
Their recession proof products have been featured on numerous TV shows and movies and are very affordable - ranging from $4.99 to $59.99. Made in the USA - about 95% of their products are manufactured in the US.
This is a fun and relatively simple business to own and operate. Only 3 low-skilled, full-time employees are needed to handle the $1,000,000 in annual sales. The company could also be relocated since the easily assembled products do not require high skilled labor or heavy machinery.
Growth Opportunities: the company has done little marketing or advertising for years. There is an excellent opportunity to increase revenue by creating a marketing plan and also by adding products - the owners have many great ideas they can share with a buyer.
This is a highly profitable and fun business to own and operate. It could be run as a Absentee or a Semi-absentee Owner.
* No SBA Financing. Cash only, Seller Note possible for a qualified buyer.
For more information; please register and complete the Non-Disclosure Agreement at https://www.bizex.net/buy-business/register.
Eric Mellem, Business Broker at (310) 293-6414 or emellem@bizex.net.
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.
