Cookware Import, Distributor Major Retailer Accounts

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Background

BizEx ID:BizEx1375-DH
General Location:Southern CA, CA
Category: Durable Goods
eCommerce
Years in Business:16
Under Present Owner:16
Hours of Operation:M-F 8a - 5p
Owner Hours:M-F 8a - 5p
Training:6 weeks @ 40 hours
Organization Type:S-Corp
Lease Expiration:Mo/Mo
Lease Options:Yes
Building Size:21,000
Employees:9
Reason for Sale:Personal

Financials

Asking Price:$9,990,000
Down Payment:Negotiable
Gross Sales:$11,000,000
Discretionary Cash Flow:$2,300,000
FF&E:$57,000
Inventory Included?Yes
Inventory:$1,572,300
Min. Operating Capital:TBD
Real Estate Available?Yes
Rent:$21,000
Payroll:$32,100
Financing:SBA

Description

Importer and distributor of cookware, eating, drinking and cleaning products with successful 16 year history. So Cal Location.

Strong Brand and great reputation. Distributes to major retailers and sells directly on Amazon with thousands of 5 star ratings on Amazon.

Company is well run and lean.  Long term, committed employees are well trained and cross trained to keep company efficient.  A small, full time staff drives over $11,000,000 in revenue at strong profit margins.  Well established relationships with major retailers and a long, successful history on Amazon and other web sites.   

Property for sale ($4.2m) or a long-term lease can be secured by the buyer.  Property is well designed for business need with ample, gated and secure parking which allows for expansion of inventory storage.  

Growth opportunities for retail expansion in the US and distribution of European made products throughout Asia.  Worldwide Opportunities 

For more information, please complete the BizEx Buyer Registration at https://www.bizex.net/buy-business/register.


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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.




Dan Higgins
Marketing Consultant
4640 Admiralty Way, Suite 500
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#:




Eric Mellem
Business Broker/ M&A Advisor
4640 Admiralty Way, Suite 500
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