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

 

 


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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.




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations