Stamp and Coin Business - 30959

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$1,750,000 $1,156,697

Retail: Non-classifiable


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RE: Stamp and Coin Business - 30959 Broker: Joseph Stansky
Owner Financing is Available!
$1,250,000.00 Down & $500,000 lover 3 years @ 5%

Quick Facts

Asking Price: $1,750,000
Annual Revenue: $1,156,697
Net Profit: Not Disclosed
Cash Flow: $330,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 27034447
Broker Reference #: 30959

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Business Overview:

Long-established (48 years) major tri-state coin and stamp dealer for sale. This is a dominant player in coin and stamps for collectors and dealers. Ebay store has 40,000 items, with a retail value of 2.5m, which is a fraction of seller's total inventory of $4m, at cost, and $8M at retai,l which is included in the sale price. Well-known locally, nationally and internationally. Business grossed over $8m per year, several years ago, when active in bullion. Margins are 40% plus. Coins now represent about 7% of gross sales. Owner will provide long training and transition. Key employee with detailed knowledge of business available to remain with buyer. Employee authorized to value, buy and sell collections and inventory items. Owners net over $300,000 per year. The business sale price of $ 1.75m includes all inventory-approximately $4m at cost ($8m retail). Inventory was appraised at $2.5m, two years ago, with bank willing to finance 80% of the purchase. Lease is month to month, but landlord is willing to provide long lease to a qualified buyer. Owner works four days a week. Currently not open on weekends. Opportunity for active Saturday opening. Proprietary business software. Owner has a number of automatic subscription buyers for new issues from particular countries- auto-billed and shipped. Some background and knowledge of stamps and coins is required to purchase this business. Proof of funds of at least $1m is required for the name and location of this business and a meeting/conference call with the owner. Contact broker Joseph Stansky for more details or email us.

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Reason for Selling:

Seller is retiring.

Additional Details:

  • The property is owned.
  • 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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