Profile: Seller Financing! Office Supply Co Had Best Year Ever! Broker Coop!
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Ad/Listing Information
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| Status: |
Off The Market |
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| State: |
California |
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| Location: |
S.F. Bay Area |
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| Area: |
San Francisco Bay Area |
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| County: |
None Given |
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| City: |
None Given |
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| Primary Category: |
Retail Related |
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| Secondary Category: |
None Given |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$600,000+ |
| Down Payment: |
$20+% |
| Annual Revenue: |
$7,135,525 |
| Annual Adjusted Net: |
$394,027 |
| Price Range: |
$500,001 to $1 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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** Seller Financing--The Owner Is Willing To Carry 100% Of The Financing For Qualified Buyers. Owner Has Strong Confidence In This Business, And Is Prepared To Offer Attractive Owner Financing For This Recession Resistant Business, If The Buyer Does Not Pursue Sba\. Minimum Downpayment Will Be 20-30% Of The Total Price, Based Upon Buyer Qualifications And Offer Terms. Asking Price Does Not Include The Saleable Inventory Needed To Run The Business, Which Averages 1.3-1.6M. Owner Will Negotiate An Attractive Package Including The Inventory In The Deal For Qualified Buyers.
The Company Is A Multi-Location Retailer Of High Quality, Value Priced, Office Supplies And Stationery, Greeting Cards And Gifts. The Business Has Just Experienced Its Most Profitable Year Since Inception, For The Fiscal Year Just Ended June 2009. The Business Has Been Growing Steadily During The Last Few Years, And 2008 Financials (Ending June 30 2009) Logged Sales At 97% Vs. Prior Year Sales--So This Business Is Showing Major Recession Resistance, And Poised For Growth During The Rebound.
The Company's Retail Locations Encompass Some Of The Nation’s Highest Personal Income Markets. Nearly All Of The Company’s Current Revenues Are Generated By Walk-In Retail Customers. While Significant Portions Of This Business Are Sales To Local Independent And Professional Businesses, The Company’s Owners Recognize That Future Growth Opportunities Exist For Developing And Expanding Commercial Account Sales. Approximately One-Half Of Company Annual Revenues Are Generated Through The Retail Sale Of Office Supplies And Related Products, And The Other Half Comes From Sales Of Hallmark/Greeting Cards And Gift Products.
The Owners Source Their Office Products Exclusively Through A Top Office Products Buying Consortium, Which Allows Them To Obtain A Reasonable Cost Of Goods From Manufacturers, And In Turn, Compete On A Retail Basis With Big Box Suppliers. Highlights Of This Business Include:
> The Company Dominates Its Market Niche In Its Primary Serving Areas, And Enjoys A Solid Reputation For Quality Products And Exceptional Customer Service.
> The Company’s Unique Mix Of Office Products And Supplies, Greeting Cards, And Gifts, Provide A Diverse Retail Attraction For A Customer Base That Values Convenience.
>the Company Has A Very Loyal Staff And Has Experienced Very Little Employee Turnover Particularly Among Managerial Staff.
> Despite Recent Economic Slowdowns, The Business Has Maintained Good Profitability
And Continues To Show Steady Revenues At The 7M Annual Level For The Fourth Consecutive Year
> Business Real Estate May Be Available As Part Of A Package Deal.
The Current Owners Are Preparing For Retirement, And Would Like To Sell To An Individual Or Family With Solid Retail And Merchandising Experience, So That They Can Feel Comfortable Carrying 100% Of The Financing On The Transaction.
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