This business specializes in distributing Michigan, Wisconsin, and Minnesota souvenir products to retail stores. This business is a wholesale distributor and does not sell products directly to the general public. Michigan customers account for over 80% of the total revenues, and the customers are concentrated in Downtown Detroit and Up-North Michigan. There is minimal customer concentration risk. In 2021, 415 customers purchased products from this business, and 409 customers in 2022 (Jan-Oct). Most customers get Net-30 payment terms, and bad debt is negligible. The busiest time of the year for sales is from March to October, generating around 75% of the total revenues.
The current owner markets the business through trade shows, email marketing, its website, cold calls, and two independent 1099 sales reps. The independent reps do not work primarily for this business and account for less than 15% of the current customers. The business is being operated by the owner plus one full-time employee. Additionally, there is a part-time bookkeeper and another part-time warehouse employee.
This business has tremendous room for growth by targeting large, big-box stores, introducing e-commerce and marketing through social media, and search engine optimization to reach more customers. This business is also eligible for an SBA Loan for a qualified buyer. Call us today to learn more about this excellent opportunity!Get More Info
- Hours of Operation: As Needed
- Employees: 2 Full Time 2 Part Time
- Year Established: 2006
- Year Acquired: 2006
- Liscence Required: Sales Tax
- Seats: N/A
- Parking: Ample
- Gross Sales: $850,929
- Source: Tax Returns
- Cash Flow: $165,498
- Source: Tax Returns
- Inventory Value: 200,000
- Monthly Rent: $1,950 Gross
- Lease Terms: Buyer will need New Lease
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This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.