Great Wholesale Business For Sale
Location New York,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $18000000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training The owner is willing to commit to a transitional period for a reasonable period of time.
Reason for Sale Lifestyle change.
Description The business wholesales cigarettes, candy, and beverage products to newsstands, convenience stores, delis, and lobby stores. In total, the business services 250 accounts and 80% of its business derives from Manhattan stores located between down-town and 90th Street. The business also maintains a small account base in Brooklyn, Queens, and the Bronx which makes up 20% of its business. The product mix is broken into 3 categories: 1) Candy; 2) Beverage; 3) Cigarettes. Cigarettes, which is a source of 70% of the business's revenue, has 3.5% gross profit margins and serves as a draw for its customers to buy other higher margin items. Candy constitutes 20% of the business's revenue and includes chocolate products, gum, m&ms, snickers, Oreo cookies, cookies, mints, pop tarts, cereal, twizzlers, and other candy products you would see at a newsstand or convenience store. In addition, sold within this category is general merchandize items such as batteries, film, and small cameras. Typically, both general merchandize and candy items are sold at 12% to 15% gross profit margins.The 3rd profit center is the sale of soda which includes the sale of pepsi, coke, and other beverage items such as vitamin water, red bull, and Gatorade. Gross profit margins for this line range from 15% to $20% and this line constitutes 10% of sales. Upon making a deal with a new owner, the owner has agreed to leave $100,000 worth of inventory in the warehouse and help build credit relationships with the business's current suppliers to fully stock the warehouse once the new owner takes over. Contact for more information on this Wholesale business for sale.
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