Business For Sale

College & Prof. Sports Novelties Distributor

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$4,295,000 $10,352,233

Wholesale/Distribution: Durable Goods


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RE: College & Prof. Sports Novelties Distributor Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $4,295,000 10% Buyer Down Payment: $429,500 15% Seller Financing: $644,250 75% Bank Loan: $3,221,250 The bank loan will be collateralized by the inventory and equipment included with the business. After one year, a new owner can expect a profit of $475,754 after all debt services are paid.

Quick Facts

Asking Price: $4,295,000
Annual Revenue: $10,352,233
Net Profit: Not Disclosed
Cash Flow: $1,106,458
Total Debt: Not Disclosed
FF&E: $104,900
Real Estate: Not Disclosed
Year Established: 1990
Employees: 27
BBN Listing #: 367134398
Broker Reference #: LOG007

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Business Overview:

This sports novelties distributor stocks over 300 types of products manufactured by over 40 licensed vendors and warehoused in two states. Established in 1990, this Omaha-based company distributes mini football helmets, team mugs, team pennants and more to over 800 small businesses coast to coast. Over 95% of business is done business-to-business with the remaining 5% being direct sales to customers (i.e. “Mom & Pop” stores). In the past 12 months, this company has been granted contracts with Jack Daniels, Harley Davidson and Riddell to distribute their products, making them 1 of only 6 distributors able to do so.

There are 19 employees between the two locations, with a VP of Operations, a General Manager; 2 in sales, 2 in product management, 11 in warehouse, 1 bookkeeper and 1 marketing manager. Manufacturers include WinCraft, Fremont Die, Schutt and more. Customers are offered Wholesaler or Drop Ship Programs, and most orders are shipped between 24-48 hours.

The current owner desires to retire within the next year and is selling the company he has built from the ground up. The business has expanded to include a second location, allowing the business to cut down on shipping costs. Both locations have warehouses and are fully staffed with management and employees who pack and ship orders. Current ownership is responsible for overseeing general business operations and some purchasing of inventory.

Year Established: 1990
Location: Omaha, Nebraska & another Midwestern state
Service Area: Continental United States
Clients: 95% distribution to businesses; over 800 customers
Products: mini helmets, team mugs, pennants & more
Manufacturers: WinCraft, Fremont Die, Schutt, Riddell, ProMark Northwest, Rico/Tag Express, Kolder and more (all licenses held by manufacturer)
Wholesaler Program: low minimums - items purchased in single piece quantities
Drop Ship Program: customer can offer wide variety of products without inventory cost; they take orders and distributor ships
Office & Warehouse: 32,000 square feet at $14,398/month
Distribution Center: 17,000 square feet at $8,145.16/month
Employees: 19: Operations VP, GM, 2 sales, 2 product management, bookkeeper, marketing, 11 warehouse;
7 in another state: 3 sales, 4 warehouse
Hours: Monday – Friday: 8AM – 5PM
Growth Opportunities: Expand grocery store presence, convenience stores, baby retailers, and hardware stores. Add product lines business has been approved for

Assets: $104,900: furniture, equipment, computers, 2 fork lifts, warehouse shelving, 1 pallet shrink wrapper
Intangible Assets: Established reputation, diverse customer base, clear and informational website
Inventory: $2,903,300 in licensed sports team novelty items
Accounts Receivable: $309,912 *amounts may vary

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Property Features and Assets:

Office & Warehouse: 32,000 square feet at $14,398/month Distribution Center: 17,000 square feet at $8,145.16/month

Market Competition and Expansion:

Expand grocery store presence; Convenience stores; Baby retailers; Hardware stores; Add product lines business has been approved for.

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.

Documents:

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