A wholesale distributor of variety and novelty type merchandise to gift and convenience stores, small markets and “quick-stop” type locations (including service stations), as well as cigarette and tobacco stores. Their product line includes a very large and diversified selection of items including: automotive products, jewelry, nutritional and performance supplements, flash lights, cologne and perfumes, incense and candles, flasks, key chains, etc..The business distributes nationally, and is known for very competitive pricing plus exceptional customer service.Complete and well kept records.
In April 2009 the business relocated to Pomona, reducing the rent by $40,500 annually.
At the end of 2008, the owner dropped all of the smoking accessory type products from his line. Although exceptionally profitable - for strictly personal reasons he no longer wishes to be involved in this market segment. If the Buyer wishes to re-enter this market, the seller feels the opportunity is still there.
As a result of exiting this market segment and general economic trends, revenue and profitability for 2009 are down substantially.