Business For Sale Listing 43586
Wholesale Novelties, Souvenirs & Gifts
Status as of Nov-30-2008 at 06:16 PM: Active
Business Summary
This Company successfully served gift, convenience and other retailers in NE WI for 4 years as a full service stocking distributor of novelty, souvenir and gift offerings. Many products highlight sports (licensed for NASCAR, NFL, NBA, NHL, MLB, NCAA, Badgers, etc.) or geography (WI, Door Cty, etc.). Several are Company designed and copyrighted. These support a strong customer list with very affordable prices. Astute sourcing from offshore and domestic suppliers provides keystone+ margins for the retailer and the Company (2003-55%). The diverse offerings are sold and distributed through regular personal and phone sales calls. Proven strong sell-through brings the rock solid following of satisfied customers back for regular reorders and to add new items. There are no restrictions on the territories served, currently focusing on NE WI. Very responsive personalized customer service, broad and deep product offerings and strong systems have allowed the company to achieve a solid place with retailers served.
Facilities: After a transition of up to 6 months maximum, the business needs to be relocated. Currently using 1950 sq ft heated warehouse/office and 1800 square foot unheated warehouse.
Competition: The Company has positioned itself with significant inventory to provide broad and deep offerings that can be delivered or shipped immediately from stock. The only two meaningful competitors are Milwaukee and Chicago based.
Growth and Expansion: Overall sales growth and market penetration has been modest due to owner choice to concentrate on other Company distribution activities that allow more time with family. Relocating this business to a more centralized location in the markets served and adding commissioned sales people will increase both customer count and market penetration.
Support/Training: Seller will provide transition training and is willing to stay long term in commissioned role to serve local customers.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand (242,941) |
| Profits: |
Between $100 Thousand and $500 Thousand (114,418) |
| Profit Type: |
Cash Flow |
| Fiscal Year: |
2003 |
| Asking Price: |
Between $100 Thousand and $500 Thousand (325,000) |
