Price includes inventory at cost of approximately $3.2 million.
National distributor of small lot purchases of sporting goods skating equipment, clothing and accessories. Primary customer is a retail store or chain of stores that require either: quick delivery; order quantities that the manufacturers do not fulfill; hard to find products; or odd sizes. The owner started the business and currently manages it working 25 to 30 hours per week with approximately 12 part time employees who work in the warehouse and in the office. The owner developed a proprietary software program to track inventory, usage and aging. Developed relationships with manufacturers helps the company plan inventory requirements based on new products releases. Manufacturers recommend this company to clients that need to make small lot purchases. The business has only one small competitor. Business is located in South LA County close to major freeways and commercial ports.
Business occupies a 28,000 sq. ft. warehouse with front office space. The building is owned by the Seller who will consider selling the building or leasing at current market rates. The owner’s cash flow assumes the Buyer will lease the facility at $0.48 per square foot. A second building with 34,000 square feet of warehouse/office space is also for sale either with the business or separately.
12 part time
Monday through Friday
Reasons for selling:
This business can be relocated.
Inventory / Stock value:
$3,241,325 (included in the asking price)