Souvenir Distribution Business

Not Disclosed, MI

SE Michigan


Asking Price: Annual Revenue:
$350,000 $850,929

Wholesale/Distribution: Durable Goods


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RE: Souvenir Distribution Business Broker: Inquiry

Quick Facts

Asking Price: $350,000
Annual Revenue: $850,929
Net Profit: Not Disclosed
Cash Flow: $165,498
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 4
BBN Listing #: 82212679
Broker Reference #: B2677

Email or Print Listing

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Business Overview:

This business specializes in distributing Michigan, Wisconsin, and Minnesota souvenir products to retail stores. This business is a wholesale distributor and does not sell products directly to the general public. Michigan customers account for over 80% of the total revenues, and the customers are concentrated in Downtown Detroit and Up-North Michigan. There is minimal customer concentration risk. In 2021, 415 customers purchased products from this business, and 409 customers in 2022 (Jan-Oct). Most customers get Net-30 payment terms, and bad debt is negligible. The busiest time of the year for sales is from March to October, generating around 75% of the total revenues.

The current owner markets the business through trade shows, email marketing, its website, cold calls, and two independent 1099 sales reps. The independent reps do not work primarily for this business and account for less than 15% of the current customers. The business is being operated by the owner plus one full-time employee. Additionally, there is a part-time bookkeeper and another part-time warehouse employee.

This business has tremendous room for growth by targeting large, big-box stores, introducing e-commerce and marketing through social media, and search engine optimization to reach more customers. This business is also eligible for an SBA Loan for a qualified buyer. Call us today to learn more about this excellent opportunity!

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.

Reason for Selling:

Retirement

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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