NOT DISCLOSED, California
| Asking Price |
$450,000 |
Year Established |
1999 |
|
| Annual Revenue |
$1,040,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Tommy Kim |
|
| Annual Cash Flow |
$218,000 |
Listing Number |
943915 |
|
| # of Employees |
2 |
Business Category |
Retail: E-Commerce, Retail Websites |
|
Business Overview:
Listing # - 5454 TK
While numerous Internet online stores are short-lived, this one has been around for more than 20 years. This online hobby craft store is enjoying a dedicated, loyal hobbyist customer base with stable profits - now, the owner would like to retire and spend more time with family.
Transparency of the business is provided through complete books and records with matching tax returns. The sales have been over $1M for the last 5 years. 1 full-time manager and 1 full-time shipper assist the owner, and both of them are on W2. The 2000 SF warehouse can be relocated anywhere. The purchase will include -
* Perpetual non-compete agreement for the online store presence
* Provide business training & Assist online store setup under new ownership - up to 4 weeks upon close of escrow
* Seller can be available as a paid consultant after the free 4-week training
* Complete assistance for the buyer with existing customers & vendors
** SBA financing available for qualified buyers
** Active Inventory of approx. $340k @cost (retail value $600k plus) is an addition to the purchase price.
Please contact the listing agent for details. Buyer will be prequalified with proof of funds prior to sharing seller financials.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity