Owner Financing is Available!
Business Overview:
The Company is an importer, wholesaler and distributor of exclusive, hand-crafted wines and spirits based near Philadelphia with all of its sales to or through the Pennsylvania Liquor Control Board (PLCB) and its 620+ stores. About 80% of sales are to licensees (restaurants, hotels, casinos, etc.) and 20% directly to PLCB stores as shelf items that are sold at retail. The Company has sold to more than 500 different licensees throughout the state.
The Company was founded in 2007 by an entrepreneur who saw the opportunity to acquire import rights to specialty wines from producers around the world. It has been successful in an industry where the conglomerates roam the market.
The Company serves a distinguishing clientele with a low-end base wholesale price of $10 in 750 ml bottles. The Company's philosophy generates much higher gross profit margins than the other mass volume distributors.
The PLCB is the largest purchaser of wine and spirits in the nation and the relationship needed enrichment. Pennsylvania's control of wine and spirits sales through its own facilities has periodically been under attack and may eventually be privatized with stores purchased by individual owners. The Company can perform even better if the state-controlled system were to be privatized.
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Property Features and Assets:
The price of $860,000 does not include the inventory of approximately $150,000 in stock (at cost).
It operates its warehouse in Philadelphia. Logistically, it is at the hub of the corridor that is within about two hours of Metropolitan New York City and Washington, DC.
Market Competition and Expansion:
There are many distributors and fewer importers serving the Pennsylvania market.
Pennsylvania’s control of wine and spirits sales through its own facilities has periodically been under attack and may, some day, be privatized with stores purchased by individual owners. The Business operates effectively under the current system and can perform even better if the state-controlled system were to be privatized.
The Company faces enormous growth prospects by adding geographic sales representatives each year until the entire state is adequately covered, and by expanding into other states. The Company holds a national importer/distribution license which allows it to sell to other states as long as a distributor is established within those states.
The PLCB is the largest purchaser of wine and spirits in the nation and the relationship needed enrichment.
The PLCB has a very successful “Chairman’s Selection” program and the Business has product that has been selected under this program. Additional wines being imported position the Business for additional Chairman Selections.
It is a lean operation with one employee (Owner) and a few part-time subcontractors. In addition to this organizational distinction, the Business:
• Is a turn-key operation that has the capacity to allow a buyer to come in and set up operations anywhere in the state of Pennsylvania.
• Has a great network of suppliers, products and clientele.
• Sells wines only in 750 ml bottles to maintain the integrity of its mission to handle fine wines.
• Will not offer products unless Owner has concluded that they meet or exceed his high quality standards.
• Personally (through contact with Owner) knows all business customers.
• Quickly capitalize on opportunities as a result of having a sole decision-maker within the company.
Having proven that the Business can compete with the “big players”, the company faces enormous growth prospects by adding geographic sales representatives each year until the entire state is adequately covered.
The next step, which can begin while geographic coverage in Pennsylvania is being expanded, would be the roll-out into other states. Currently, the business holds a national importer/distribution license which allows it to sell to other states as long as a distributor is established within those states. For this geographic expansion, a new owner ca open a warehouse in New Jersey to better enable penetration into the lucrative markets in New York, New Jersey, Delaware, Maryland, Washington, DC and parts of Virginia.
Reason for Selling:
ceeds capital for growth. Owner agreeable to stay.
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.
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