Substantial Importer & Wholesaler of Housewares

Not Disclosed, CA
Los Angeles County

LA County

Asking Price: Annual Revenue:
$5,500,000 $7,000,000

Wholesale/Distribution: Durable Goods

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RE: Substantial Importer & Wholesaler of Housewares Broker: Donna Alexander

Quick Facts

Asking Price: $5,500,000
Annual Revenue: $7,000,000
Net Profit: Not Disclosed
Cash Flow: $500,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 55021219
Broker Reference #: LA04813

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Business Overview:

For over 30 years, this importer has been bringing beautiful functional housewares and décor to homes throughout the U.S., Mexico and Central America countries via strong relationships with retail vendors.The company generated $7,000,000 in sales for 2019 and is experiencing good growth and increasing profits.

Included in the price are $1,200,000 in current receivables and $1,800,000 in inventory,  at cost. Inventory turns over approximately 4 times a year.

Nine dedicated employees are expected to stay on if the new owner chooses. Facilities include a showroom at the LA Mart and warehouse space in Commerce, CA. The owner will assure a smooth transition with his suppliers, vendors and customers. This has been a family run business and the seller wants to assure the good reputation and legacy will continue with new ownership.

Importer wholesaler housewares.

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Additional Details:

  • The property is leased.
  • 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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