Luxury Gift Ecommerce Retailer-32987

Not Disclosed, NJ
Essex County

Asking Price: Annual Revenue:
$599,000 $1,331,656

Retail: Non-classifiable

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RE: Luxury Gift Ecommerce Retailer-32987 Broker: Melvin L. Vaz
Owner Financing is Available!
$500,000.00 Down & $99,000 seller financed over 24 months.

Quick Facts

Asking Price: $599,000
Annual Revenue: $1,331,656
Net Profit: Not Disclosed
Cash Flow: $230,000
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 2
BBN Listing #: 41464447
Broker Reference #: 32987

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Business Overview:

Luxury Gift Ecommerce Retailer with Trademark. Sales have grown since the Covid 19 pandemic began! This business was established out of a one bedroom apartment and has grown year over year for the first four years. They specialize in the sale of luxury gifts through 2 registered domain names and a Shopify based website. The business is now operated out of a 3,000 square feet NJ based warehouse right outside of Manhattan. The rent is only $2,400/month, including an office and ALL utilities with over 10 years remaining on the lease. The business can be relocated, if desired. In the past year the business grossed $1,331,656.00 with an owner's cash flow of approximately $230,000.00. The sale price INCLUDES $200,000 IN INVENTORY. The deal also includes a custom built complex multi-channel management system for management products and inventory in one place. The owner has built well established marketplace accounts with regular returning customers (Amazon US and Canada, Ebay, Walmart, Houzz, Rakuten. The business has an outstanding credit history and NET 30 day terms with most suppliers. There is also a well-trained warehouse staff of 2 Full Time as well as outsourced workers. The owner is willing to finance a portion of the sale price and offer an initial 3 month training, plus 1 year of phone consultation and support. We are seeking a serious and financially qualified buyer with at least $500,000 in liquid funds. Proof of funds will be requested prior to releasing full financials or setting up a meeting or phone conference with the seller. All meetings must be scheduled by appointment only!

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Reason for Selling:

Divesting and Moving

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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