Asking Price: $3,500,000
Cash Flow: $1,031,553
Gross Revenue:$13,983,757
EBITDA:N/A
FF&E:$100,000
Inventory: $1,700,000
Established: 1945
Business Description
70+ year service and education oriented company with internet and retail sales. Solid and consistent annual growth from 1999 – 2024. They have the largest geographical footprint in industry with exclusive dealerships for most brands. They consistently win annual incentive trips from vendors across the world. Currently with 11 locations throughout FL and exponential growth opportunity for online sales and specialty events. Please refer to listing #3353-708255, Agent Dave DeCamella when inquiring about this listing. Thank you!
Asking Price: $3,500,000
Cash Flow: $1,031,553
Gross Revenue:$13,983,757
EBITDA:N/A
FF&E:$100,000
Inventory: $1,700,000
Established: 1945
Detailed Information
Location: Manatee County, FL
Inventory: Included in asking price
Employees: 45
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Type of Location Free-Standing Facilities Monthly Rent $7,375.00 Square Units (Foot, Meter) 2,500 Lease Expiration Date December 31, 2025, 3:00:00 AM Terms Options Flexible – Owner owns this building
Growth & Expansion: There will be a new product cycle for the first time in 5 years happening in September 2024. There is also a huge opportunity to expand online sales. In 2022, the owner benefit was lower due to inventory being increased when the company added the last 2 sewing lines so they can have everything.
Financing: Other Financing Amount $3,385,800.00 Other Financing Interest 11.5% Support & Training: Will train for 4 weeks at no cost.
Reason for Selling:Retirement