Listing ID: 66599
This company is a wholesale drop shipper for large retail e-commerce companies. They wholesale and drop ship Candy Bouquets & Gifts to businesses and individuals throughout the United States. The company has 39 themed bouquets for any occasion. They design, build and ship their products from their retail location.
Customers can order online from anywhere in the world or visit their charming retail outlet in beautiful northern Idaho.
- Asking Price: $216,500
- Cash Flow: $94,054
- Gross Revenue: $349,180
- EBITDA: N/A
- FF&E: $4,000
- Inventory: $11,420
- Inventory Included: Yes
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Located in the heart of one of the fastest growing communities in northern Idaho the company leases 1,200 sq. ft. for $1,410 per month. The lease is currently in month to month status.
Will train for 2 weeks @ $0 cost. This amazing company designs, builds and drop ships unique Candy Bouquets throughout the United States. The company has solid processes and procedures in place and has systematized all aspects of the business from the initial design of the recipes through final shipping. Idaho Business License Required.
The owners are selling the business to pursue other opportunities.
There is no other company offering these products and services in the market.
The current owners of the business have identified the following as growth opportunities: Attending Corporate Gift Shows,Promoting the company on a local basis, approaching hotels and motels, Airbnb and traditional B and Bs, along with more wholesale direct to retail accounts.
The business was founded in 2006, making the business 16 years old.
The transaction does include inventory valued at $11,420, which is included in the suggested price.
The company has 5 FT/5 PT employees and is situated in a building with disclosed square footage of 1,200 sq ft.
The real estate is leased by the business for $1,410 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. However, the real factor vs the one they say to you might be 2 entirely different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or a variety of other factors. This is why it is really vital that you not count absolutely on a seller's word, yet rather, use the vendor's response combined with your general due diligence. This will repaint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that earnings margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Often times, businesses have repeat clients, which create the core of their everyday revenues. Particular aspects such as brand-new competitors sprouting up around the area, roadway building, as well as staff turnover can impact repeat clients as well as negatively affect future profits. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business often, the greater the opportunity to develop a returning customer base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Just how might the regional mean home earnings effect future earnings prospects?