Cigarette & Sundry Wholesaler- NY 28846

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$1,000,000 $15,000,000

Wholesale/Distribution: Non-Durable Goods

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RE: Cigarette & Sundry Wholesaler- NY 28846 Broker: Joseph Stansky Esq

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $15,000,000
Net Profit: Not Disclosed
Cash Flow: $250,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 77384447
Broker Reference #: 28846

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Business Overview:

One of the top five licensed cigarette and sundry wholesalers in New York. Only 62 licensed sub jobbers in New York City. This business grosses $155m in cigarette, candy and sundry sales. No more sub jobber licenses are available. Dominant player in this very regulated market. Cigarette margins are set by the state and guarantee profitability. Opportunity to expand into categories of paper products, convenience store sizes, frozen foods and coffee products.There is a strong possibility that margin increases may be approved in the near future. In business 57 years. Warehouse is extremely cheap and convenient for high-volume inventory intake and delivery to Manhattan customers.There are 200 regular, long-term customers Licensed sub jobber- not a cigarette stamper. Guaranteed same-day service. 50% COD and 50% short term receivables. AR and AP are both $300,000. Three delivery trucks make two deliveries each day. Owner will stay for as long as required to assure a successful transition. Great opportunity for existing stamper, sub-jobber, or buyer with distribution background. Proof of funds required to set a meeting with the seller. Contact broker Joseph Stansky or email us for more information.

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Reason for Selling:

Other businesses.

Additional Details:

  • The property is owned.
  • The owner is not 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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