Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Wholesale Distribution Company
(Wholesale Distribution)
Middlesex County , NJ
Listed Price: $ 350,000
Listing ID: DIST200

Listing DetailsGross Revenue: $ 1,079,586
Cash Flow: $ 99,800
FFE: $ 65,000 (Included in Price)
Inventory: $ 75,000
Reason for Sale:

The owner has elected to retire after many successful years in the industry.


Training & Support:

Seller will supply a full transitional period to the new operator and will remain post closing for ninety days


OperationsYear Established: 2001
Days & Hours of Operation: Mon.-Fri. 8am-4:30pm
Non-owner Payroll: $ 5,900
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6500
Monthly Rent: $ 4,500
Square Footage: 6500
Facilities:

This business is centrally located in Middlesex County, New Jersey and conveniently near to various state highways. The facility consists of 6,500 square feet located in a modern commercial complex with numerous other wholesale companies. The facility has a loading dock, private office, 25-foot ceilings and is fully equipped with fire sprinkler systems.


SummaryBusiness Description:

Excellent opportunity to own this wholesale distribution company located in Middlesex County, New Jersey that supplies several types of retail stores. The owner is retiring after many successful years in the industry and will remain to train and finance the transaction. The products include inventory sold by Dollar Stores, Party Stores, Convenience Stores, food markets, and other miscellaneous retail outlets throughout the NJ NY Metro area. Paper products, cooking tins, plastic utensils and novelty gifts are among the many products this business distributes to retail stores in the US. A consistent 25% markup allows for a generous gross income of $1,079,586 & approximately $99,800 net to the owner. The sale includes two vehicles that deliver all of its products within a forty (40) mile territory to its 175 active accounts. This is a wonderful industry with huge growth potential by instituting a marketing plan and by increasing the product line. As a wholesaler, this company has a huge capacity for growth by adding to its product line and increasing it marketing area. The seller is retiring after many years in the business and will train a new owner operator. This retail business has 2 employees who are unaware of the pending sale and expected to remain post closing, monthly payroll is approximately $5,900. The business is active five days per week, Monday to Friday, hours 8:00 am to 4:30 pm.The sale includes a five-year lease agreement plus options, 2019/01/01, monthly rent of $4,500, cost of square foot is $8.30 and rent security $6,500. The business has been valued at $350,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Based on the asking price, required down payment and net income this business should supply a 30% return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.


Competition:

This is an isolated industry and minimal competitors exist in this business area, seller will supply a non-compete agreement to the purchaser.


Potential Growth:

The owner has no marketing systems in place, does not have web internet presence and by instituting a basic marketing plan the business can be substantially developed.


Financing/Terms:

Is available to a qualified buyer with an appropriate down payment.