Wholesale Distribution Sports Products

Not Disclosed, FL

Asking Price: Annual Revenue:
$3,400,000 $6,834,953

Wholesale/Distribution: Durable Goods

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RE: Wholesale Distribution Sports Products Broker: Jim Dunmire
Owner Financing is Available!
$360,000 down/$250,00 over 120 months @ 6% / Other Financing.

Quick Facts

Asking Price: $3,400,000
Annual Revenue: $6,834,953
Net Profit: Not Disclosed
Cash Flow: $593,823
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: $1,400,000
Year Established: 1959
Employees: 8
BBN Listing #: 70734955
Broker Reference #: 1001-16257

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Business Overview:

62 year old Wholesale Sports Distribution business with a long history of profitability. Lender pre-qualified. Sales of Fishing Tackle and Marine Supplies including fulfillment and delivery. Top customer is only 5% of total revenue. No account concentration. No pending law suits or tax liens. Seller states there should be no problem conveying distribution rights. All buyers must qualify before CIM is available. Sellers Tax Returns indicate a fiscal period of 7/1 thru 6/30 of subsequent year. Offering price includes over $3,000,000 in assets including current inventory, market priced real estate, A/R, and FF&E. Sellers state sales forecast for 2021 should be up to 10% or more growth. Seller has 160 active clients. 2020 financials are Calendar year. Other years are Fiscal years.

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Property Features and Assets:

Sellers own their property (real estate) personally which will be conveyed simultaneously with the sale of the business only. Building #1 is 9,760 square feet and is a steel building warehouse. Building #2 (office) is 2500 square feet and concrete block. Parking is adequate. Assets = $3,020,000.

Market Competition and Expansion:

Seller is a superior option in the market due to their large inventory, product knowledge, and fast response of order fulfillment. Sellers focus is independent fishing tackle dealers both large and small. The national distributors (the competition) focus primarily on the large box stores. Sellers ability to make quick adjustments in market changes and timely delivery of products ensure their continued success. Significant opportunity for growth as owners have been"comfortable" with previous profitability. Another growth opportunity would be to add internet presence via a web page for client ordering of product and to demonstrate availability of hundreds of thousands of products. This is currently an area the sellers have not capitalized upon. Seller states that 2021 growth will be up to 10% or more.

Reason for Selling:

Semi retirement.

Additional Details:

  • The property is owned.
  • 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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