Phone Card Wholesaler
Location California,United States
Asking Price Range < $250K
Gross Revenues $3159353
Net Profit / Cash Flow $135000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Description The Business Entails The Distribution/Sales Of Phone Cards To Retail Customers Such As Liquor Stores, Markets And Gas Stations. This One-Man Operation Has The Car's Expenses As The Only Expenses! There Are No Employees, No Store, No Rent, No Boss! The Seller Services His 225 Clients On A Weekly Or Bi-Weekly Schedule. He Buys Phone Cards From 5 Or 6 Vendors At An Average Of $3.50 Per Card And Sells Them At An Average Of $3.75 Per Card. The Seller Maintains An Average Of About $50,000 In Inventory (Not Included In The Asking Price).
The Seller Has Been Doing This For The Past 7 Years, But Needs To Sell Due To Ill Health. The Volume Of The Business Has Been Going Up Every Year. He Maintains Very Good Financial /Accounting Books And Is Ready To Show 4 Years' Worth Of Purchases, Sales, And Bank Statements. Every Purchase/Deposit Can Be Verified By The Bank Statements. The Seller Will Introduce The Buyer To Every One Of His Clients And Vendors And Will Be Training The Buyer For 6 Weeks Full-Time At No Cost To The Buyer. The Seller Is Ready To Sign A Non-Compete Clause For 80 Miles And 5 Years!
This Is A Very, Very Simple And Easy Operation. For Example: The Purchases For Nov. 2006 Were $250,974.55 And The Sales Were $272,448.95. The Purchases For Dec. 2006 Were $229,080.37 And The Sales Were $250,458.16. The Difference Between The Purchases And The Sales Is The Gross Profit. Total Expenses Average About $10,000 Per Year. Contact for more information on this Phone Card Wholesale business for sale.
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