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Wholesale Distribution - Price Reduced! for Sale in Southern California - San Gabriel Valley

Reference #: 41190826
Location: Southern California - San Gabriel Valley
Price: $125,000
Amount Down: $125,000
Revenues: $1,693,400
Discretionary Earnings: $165,600
Total Assets: $92,500
Business Description:

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.


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.