Business Overview

Number 1 Business Broker is proud to present this once-in-a-lifetime opportunity to buy a THRIVING $8 Million/yr business (on track to doing $10 million by end of 2022) that has positioned themselves as one of TOP 5 major market leaders in a rapidly expanding craft, hobby and supplies space.

*** Recently named one of the 5000 fastest growing privately held companies by Inc. Magazine ***

Since 1999, this business has been an industry-leading distributor of DIY craft/hobby supplies for a niche market that includes everyone from the home hobbyist to many small indie businesses.

This business sales comes with a BRILLIANTLY designed hybrid of exploding e-commerce business, 50k sq. ft. warehouse and retail storefront as well as classroom space. Business also comes with a massively loyal (and quickly growing) community base that effectively (ORGANICALLY) spreads news of products, services and more via word-of-mouth and social media.

Industry experts have estimated it would take over $10 million and 20+ years to grow a new business to this point from scratch.

ALL of this comes included with this COMPLETELY TURN KEY business. Return on investment starts DAY 1 for a new owner.

An omnichannel business that sells through their website, retail location, classes, social media, trade shows, etc. They also provide classes to teach customers how to make products and develop their own businesses.

They have seen 15-20% growth year over year since 2015!

Started in 1999, they now rank as one of the top 5 suppliers in the US, recently acquiring a competitor business and poised for continued growth.

Owner is ready to retire but will provide ample transitional support as well as any training needed.

Click the “Contact” button NOW to request an NDA and receive the full offering memorandum for more info.

Financial

  • Asking Price: $3,000,000
  • Cash Flow: $650,000
  • Gross Revenue: $8,000,000
  • EBITDA: N/A
  • FF&E: $500,000
  • Inventory: $1,100,000
  • Inventory Included: Yes
  • Established: 1999

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:50,000
  • Lot Size:N/A
  • Total Number of Employees:21
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

50,000 sq. ft. warehouse with office converted into storefront and classroom. FF&E includes warehouse racking, shelving, fork lifts, wick machines, compressors, scales, pallet wrappers. Just DOUBLED square footage in 2019. And then again last year.

Is Support & Training Included:

Current owner will be available for training for at least 12 months and willing to be a brand ambassador thereafter if needed.

Purpose For Selling:

Retirement

Pros and Cons:

We are one of the top 5 suppliers in the USA. Major competitors are online only and do not offer storefront and educational classes.

Opportunities and Growth:

Multiple avenues for tremendous growth, including: - Continue to enhance the current product line with new offerings and strengthen market share. - Nurture competitor business acquired in 2020. - Additional space and wood lid manufacturing machines were purchased in 2021 to manufacture custom line of wood lids for candle jars. There is a big demand for customization and branding in this line of products in the candle industry as well as other industries using glass jars with lids. - Online classes - currently developing content for an online class platform to complement in-person classes currently offered and dramatically increase reach. - Create a candle industry trade association for makers and artisans. There is currently only 1 industry association and they cater to very large companies and ignore the indie makers and startups.

Additional Info

The company was established in 1999, making the business 23 years old.
The sale will include inventory valued at $1,100,000, which is included in the listing price.

The company has 21 employees and is located in a building with approx. square footage of 50,000 sq ft.
The building is leased by the business for $25,783.34 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell operating businesses. Nonetheless, the true factor vs the one they say to you might be 2 absolutely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of other reasons. This is why it is really essential that you not rely absolutely on a seller's word, however rather, utilize the vendor's solution combined with your general due diligence. This will paint an extra reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses borrow money with the purpose of covering items such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that profit margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in brand-new clients? Most times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Certain variables such as brand-new competitors sprouting up around the location, road building and construction, as well as personnel turn over can affect repeat consumers as well as adversely impact future earnings. One crucial thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business often, the greater the possibility to construct a returning client base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional mean house income effect future revenue potential?