Owner Financing is Available!
Business Overview:
This is a very well run import & distribution company that imports products from China and sells to dollar & convenience stores here in the US (within the 5 boroughs of NYC). Small enough to be run with only a couple of employees. Owner needs to sell to run other manufacturing business back in China. Existing owner is willing to stay on to ensure a smooth transition as well as becoming a consultant for new owner in China. He is also willing to go with new owner to China to introduce them to his contacts. Contact your broker today! This one will not last!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Actual Revenues are around $950k per year. Serves mostly the dollar store & convenience store market. Currently has about 500 customers. (150 are regular customers) Customer breakdown: 80% Indian & Pakistani; 20% Asian (Korean & Tibetan and a few Chinese) Has 1 full-time outside sales person and 3 PT. 1 Cargo Van- bank financed @ $377/ month. 80% of inventory comes from 1 factory in China Markup is 50-100% Have over 400 different items. Products are shipped FOB from factory in China. (i.e. pay factory before putting on ship) 90% customers are COD; other 10% are very good customers & get Net 30 billing.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.