62 year old Wholesale Sports Distribution business with a long history of profitability. Lender pre-qualified. Sales of Fishing Tackle and Marine Supplies including fulfillment and delivery. Top customer is only 5% of total revenue. No account concentration. No pending law suits or tax liens. Seller states there should be no problem conveying distribution rights. All buyers must qualify before CIM is available. Sellers Tax Returns indicate a fiscal period of 7/1 thru 6/30 of subsequent year. Offering price includes over $3,000,000 in assets including current inventory, market priced real estate, A/R, and FF&E. Sellers state sales forecast for 2021 should be up to 10% or more growth. Seller has 160 active clients. 2020 financials are Calendar year. Other years are Fiscal years.
Sellers own their property (real estate) personally which will be conveyed simultaneously with the sale of the business only. Building #1 is 9,760 square feet and is a steel building warehouse. Building #2 (office) is 2500 square feet and concrete block. Parking is adequate.
Significant opportunity for growth as owners have been"comfortable" with previous profitability. Another growth opportunity would be to add internet presence via a web page for client ordering of product and to demonstrate availability of hundreds of thousands of products. This is currently an area the sellers have not capitalized upon. Seller states that 2021 growth will be up to 10% or more.
Seller is a superior option in the market due to their large inventory, product knowledge, and fast response of order fulfillment. Sellers focus is independent fishing tackle dealers both large and small. The national distributors (the competition) focus primarily on the large box stores. Sellers ability to make quick adjustments in market changes and timely delivery of products ensure their continued success.
Semi retirement. However, sellers will stay on for a negotiated period of time to ensure a successful transition.
Will train for 4 weeks @ $0 cost. Product line consists of fishing tackle and marine supplies sold primarily to independent fishing and tackle businesses. Seller also handles internal fulfillment and speedy delivery. The ideal buyer needs to be able to build upon the long standing relationships with tackle shops that have been established via many years of service, on time delivery, and product knowledge. Product lines include Lee Lures, Big Rock, and Folsoms.