Excellent opportunity to own this wholesale distribution company located in Middlesex County, New Jersey that supplies various types of retail stores. The owner is retiring after many successful years in the industry and will remain to train and finance the transaction. The products include inventory sold by Dollar Stores, Party Stores, Convenience Stores, food markets, and other miscellaneous retail outlets throughout the NJ NY Metro area. Paper products, cooking tins, plastic utensils and novelty gifts are among the many products this business distributes to retail stores in the US. A consistent 25% markup allows for a generous gross income of $1,015,533 & approximately $95,000 net to the owner. The sale includes two vehicles that deliver all of its products within a forty (40) mile territory to its 175 active accounts. This is a wonderful industry with huge growth potential by instituting a marketing plan and by increasing the product line. As a wholesaler, this company has a huge capacity for growth by adding to its product line and increasing it marketing area. The seller is retiring after many years in the business and will train a new owner operator. The sale includes a box truck and van used for deliveries, GPS system, phone system, accounting software, etc and additional equipment required for this industry. This retail business has three employees who are unaware of the pending sale and expected to remain post closing, monthly payroll is approximately $5,900. The company has substantial private parking available at this location and part of the Commercial lease agreement. The business is active five days per week, Monday to Friday, hours 8:00 am to 4:30 pm. The sale includes a five-year lease agreement plus options, 2019/01/01, monthly rent of $4,500, and rent security $6,500. The Company has inventory of non-durable stock, valued of approximately $75,000. No specific license is required for this particular wholesale distribution industry. Based on the asking price, required down payment and net income this business should supply a 30% return to the owner operator prior to debt service. The business gross yearly sales are $1,015,533, net yearly income of $95,000 based with onsite ownership and prior to debt service. The business has been valued at $325,000 based on a multiple of the net yearly income and 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 may not represent this particular business.
Asking Price $325,000
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