Manufacturer Party Novelties. High Branded Worldwide
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Background
| BizEx ID: | BizEx1274-EM |
|---|---|
| General Location: | Orange, CA |
| Category: |
Retail Wholesale/Distribution |
| Years in Business: | 27 |
| Under Present Owner: | 27 |
| 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: | $975,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $1,000,000 |
| Discretionary Cash Flow: | $350,000 |
| FF&E: | $173,500 |
| Inventory Included? | Yes |
| Inventory: | $125,000 |
| Min. Operating Capital: | TBD |
| Real Estate Available? | No |
| Rent: | $4,160 |
| Payroll: | $8,800 |
| 2018 | 2017 | 2019 YTD July | |
|---|---|---|---|
| Gross Sales | $ 951,401 | $ 988,067 | $ 504,328 |
| Gross Profit | $ 480,636 | $ 477,100 | $ 275,756 |
| Disc. Earnings | $ 338,881 | $ 300,943 | $ 213,260 - 7 mos |
Description
Worldwide 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 and Europe, On-line presence includes Amazon and Walmart, and high repeat customers.
$350,000 Net Income from $1,000,000 in Annual Revenue
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 no 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 available to 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.
