Mergers, Acquisitions, Business and Commercial Financing
Artificial Floral and Accessories Import / Wholesales
- About the Business
- The Business established over 20 years, same owner. They started over 20 + years ago,
- from little shop and expanded to over 21k sq.ft warehouse in Downtown Los Angeles, which is part of the entire Center size over 60k +/- sq.ft they own.
- The Company Directly Import and Wholesales all types of Artificial Plants, Flowers, Gift Cards, Dolls . Flower Pots and Decors, Crystal Drapes, Ribbons, Parties balloons, and hundred of other items for all occasions. Customers are mainly Wholesalers, bought in Bulk and resales.
- The Company done NO advertise and has no Website. Words of mouths and the products they are selling kept customers coming back for more.
- About the facility: about 21k+/- sq.ft ., store front and warehouse.. Lease term : $10,000/per month, 5 years lease + 5 years option.
- Employees: 6 FT, 1PT plus Owner.
- Gross revenues: Most of the items average gross margin are from 30%-50%. Gross sale were $1.M+/- 2009. and from Jan - August / 2010 gross sales were $980K., Projecting at $ 1,2M+ by end of the year.
- SDC: $300K +/2009. Projecting reach over $ 350k-$400k by end of 2010.
- Asking price on Business:: $ 600K + Inventory approximately $700k .Balance to be secured with the Business plus personal..
- Down Payment: 50% on the total ( Business and Inventory ). Sellers will carry the remain balance.
- ( Subject for final approval on Buyer's credit ). This Business is NOT qualified for SBA. Cash Buyer only.
Real Estate: Sellers also own the center, total of Five floors with 9 units ( the Business is about 21k+/- sq.ft ).the other eight Units are Leasing out at $21k +/- per month ( exclude lease on the Business )., whole center is about 60k +/- sq.ft . also available at $12,,000,000.( Twelve Million dollars ).Potential : This could be a " good match" for some one who has another comparable business that able to ' Merge" . If new Owner able to set up this business on Internet, has it own website , promote thru the internet and hopefully ater lead to expand to other locations....Reason for sale,: Sellers wish to exit the Business within short period, and willing to stay as Part .time, if needed.
- ___________________________________________________
Buyer application : request from Seller. Investor please provide us an updated (not older then one month old ), authentic/verifiable proof of funds on investment, to present to Seller for review and approval prior for meeting.
