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#4400
Miami-Dade

Wholesale/Distributor of Novelty Items Est since 1956

$3,000,000
Wholesale/Distributor of Novelty Items Est since 1956
This Listing is Expired

Reason for Sale:Retirement-Wholesale/Distributor of Novelty Items est since 1956.One of the top wholesalers in the Gift, Souvenir & Novelty industry is now available to purchase. Clients inclue tropical based resorts,large retailers,small businesses,chain stores ,wholesalers & online internet ventures. Products are purchased overseas & housed in their 50,000 sq ft warehouse. Worldwide clients. 10 independent sales rep network with protected territories. 2.2 million worth of inventory incl in the sale.Perfect books & records. Exp staff will stay with new owner. Owner will stay for extended transition to transfer all the industry trade secrets. Visa Qualified. All buyers must qualify with necessary capital to purchase & working capital.

This is a Murphy Business & Financial Services Inc listing.
Broker Russell Cohen DRE License #SL679527

Lease

Region:
Miami-Dade
Lease Term:
12/31/2015
Total Monthly Rent:
$25,000

Financials

Last Year's Annual Gross:
$2,501,194
Last Year's Owner's Cash Flow:
$433,133

Operations

# of Full-Time Employees:
16
# of Working Owners:
1
Hours Open:
Monday-Friday 9-5
Year Established:
60

Facilities

Inside Sq. Ft.:
50,000

Highlights

  • Wholesale/Distributor of Novelty Items Est since 1956

Financing

Down Payment:
$3,000,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 26,568 98,243 281,847
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,956 37,379 97,218
2010 Persons Per Household 2.71 2.43 2.67
Median House Value $284,200 $193,282 $204,005
Income Per Household $78,566 $59,553 $62,257
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 969 3,984 9,004
2012 Number Of Employees 14,516 93,966 186,192
2012 Total Annual Payroll $216,302,000 $1,981,393,000 $3,659,660,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that South Florida Business Broker Russell Cohen ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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