Business Overview:
This exciting company has rights to distribute a broad range of the most popular consumer electronic items to its niche market. The market is multi-billion dollar sized, but has only a handful of players. In the midst of a recession, this company will achieve its highest sales ever - over $30 million in revenues in 2010. Availability of sufficient working capital has been the major impediment to further growth. The owner literally spends half of his day on working capital issues - waiting to see what checks come in and deciding what business the company can afford to take on. Because they do not have the working capital headroom to offer customers large credit lines or more than 15-day terms, they have had to pass on some truly huge opportunities, including offers from several clients of between $1 million and $2 million a month in additional business. The owner believes that with sufficient working capital the company can grow to over $50 million in revenues in one year.
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Property Features and Assets:
The company leases an approximately 6,500 square feet facility. Approximately 25% of the space is devoted to offices and 75% to warehouse. The facility is modern and in good condition. The facility is leased from an LLC owned by the business owner. New owners can lease the facility at market rates.
Market Competition and Expansion:
This company is one of a handful of players in a multi-billion dollar niche market. This company turns down business every day because it doesn't have the working capital to take it on. With sufficient working capital, revenues could easily exceed $50 million within one year.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.