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Businesses For Sale   >>   Wholesale and Distribution Businesses For Sale

Audio Importer / Manufacture, Wholesale / Distribution

Location  New York,United States
Asking Price Range  $250K - $500K
Gross Revenues  $925000
Net Profit / Cash Flow  $800000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1974
Number of Employees  6 - 9
Inventory  700000
Relocatable  Yes
Number of Employees  6 - 9
Real Estate  Owned
Training  Yes as long as needed
Reason for Sale  Retiring from day to day operations have been doing it 40 years

Description  
The company was established in 1974. GMIPRO.COM The company manufactures Imports wholesales professional sound equipment and accessories in china through reputable manufactures with relationships established 30 year period. Our line is around 400 items and growing. The company utilizes 9-12 manufacturing facilities and works direct with honest overseas manufacturers. Most orders are paid when goods are shipped. The owner used to travel to China twice a year but has not made the trip since 2011. The product line is updated on a regular basis to reflect the trends in this growing market of professional and amateur musicians and DJ home users. The Company has registered 4 trademarks for the following US TRADEMARKS since 1985.Our brand is well know in the industry. The customer base is focused on the NYC/ NJ boroughs. Orders out-of-state are shipped by UPS or LTL freight. The company produces a full color catalog as well as website. The company has around 400 customers in the data base and around 110 active customers every week. Customers included retail stores, flea market vendors, and online seller with gross profit 51-55%. The company also sells on eBay but online sales have not been a real focus. The owner has lost interest because children are all professionals. The main elements for growth are established due to long standing manufacturing relationship with overseas suppliers. An entrepreneurial buyer can grow wholesale store sales and introduce products to big box stores, setting up internet sellers, and joining hundreds of affiliate websites. An online presence can be easily established increasing margins as it would translate to retail sales. The product line can be easily expanded with related products such as more items can be added to the line as time goes on. ASKING $400,000.00 + ALL EQUIPMENT + BOOK ALL OVERSEAS CONTACTS PRICE NEGOTIABLE. INVENTORY NOT INCLUDED $600,000.0 IF YOU HAVE ANY QUESTIONS PLEASE E-MAIL.


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