Great business opportunity to own this highly successful E-Commerce Company that markets various home accessories with a gross income of $2,613,575 and a consistent 2015 net yearly income of $361,848. The company supply a full menu of home accessories from bathroom vanities such as toilets, sinks, showers to kitchen cabinets, faucets and much more consisting of hundreds of products. This five-year-old company is projected to further increase in gross sales in 2016 and 2017. E-Commerce, is the selling of products using the internet and online networks to complete the sale transaction. The customer reviews the product on line, orders and pays electronically and the product is delivered by an independent source such as UPS. Internet sales enables merchants to sell more products and scale faster than any other solution. The shoppers can shop, sort and order in minutes with a reduced cost due to the decrease in expenses to the merchant which substantially boost gross sales. Internet sales helps shoppers quickly find the products they want using filters like size, color, brand and even custom attributes representing substantial time savings to the customer. The business fixed assets has an estimated value of approximately $75,000 which is based on replacement cost and the sale consists of a fully equipped commercial E-Commerce company, which includes various web sites, POS system, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This business has one employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $2,000. The business location has an assignable commercial lease which expires 2017-01-01 plus additional options, with a monthly rent of $4,000, cost per square foot is $24.00 and rent security $4,000. As an e commerce company the business is active seven days per week, however the office is active as a six-day operation with hours from 9:00 am to 5:00 pm. The sale includes a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing to supply an appropriate transitional period to the new operator. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 39% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $2,613,575 and the business has a yearly net income of $361,848 based on an owner operator and prior to debt service. The business has been valued at $795,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.
Asking Price $795,000
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