Business For Sale

Eyewear Retainer Distributor with High Margins

Not Disclosed, MO


Asking Price: Annual Revenue:
$968,000 $565,688

Manufacturing: Metal Products


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RE: Eyewear Retainer Distributor with High Margins Broker: Cortney Sells
Owner Financing is Available!
Funding Example Purchase Price: $968,000 12.5% Buyer Down Payment: $121,000 12.5% Seller Financing: $121,000 75% Bank Loan: $726,000 A 12.5% down payment returns $70,476 in the first year after debts.

Quick Facts

Asking Price: $968,000
Annual Revenue: $565,688
Net Profit: Not Disclosed
Cash Flow: $221,706
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1987
Employees: 2
BBN Listing #: 346434398
Broker Reference #: MAN022

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Business Overview:

An established network of over 2,000 accounts has made this eyewear retainer distributor an industry leader. Clients range from bait and tackle shops, to marinas, truck stops and big box stores. While located in the Midwest, operations can be conducted anywhere with minimal employees. Materials are manufactured elsewhere, with the final product assembled and distributed nationwide.

The sellers work a combined full week, handling daily operations, accounting, processing orders and product development. Assisting are two full-time employees, one in inside sales and the other in the warehouse. Helping with assembly is a non-profit for disabled adults.

Inventory fluctuates depending on the season, and generally moves quickly. The sellers are currently working toward setting up their online ordering system, which will do wonders in generating sales. As the customer based is well-established, a buyer should consider introducing more product lines, such as water sport accessories. With the ability to be relocated anywhere, the possibilities for growth are immense!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Assets Included in Purchase: Intangible Assets: Product longevity, price point, high visibility, quality products, flexible operations. Inventory: can range from $50,000 during slower times to nearly $100,000 during the peak seasons; inventory is ordered mostly as needed as the sellers do not like to keep too much on hand. *amounts may vary

Market Competition and Expansion:

Location: Midwest, but can be located anywhere Distribution: Network of 2,000 accounts – tackle & bait shops, marinas, truck stops, box stores, and more! Growth Opportunities: Develop additional products, attend more trade shows, distribute more in the Caribbean and outside of the U.S.

Reason for Selling:

Focus on other businesses.

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.

Documents:

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