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This Business has been Sold!
Closing Date: 07/25/2012

Business for Sale Summary

Exclusive Manuf. & Dist. of Lic. Sports Product - 21882

Business Type: service businesses,mfg businesses,textile mill conditions,misc. manufacturing/non-classifiable,wholesale/dist businesses,all industries,durable goods (conditions),misc. wholesale/distribution/non-classifiable,special situations,illness forces sale!,must sell/drastic price reduction!,new to market
Sold
Exclusive Manuf. & Dist. of Lic. Sports Product
On July 25th 2012, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NH, NJ, NY, PA, RI and VT
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $500,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$500,000 Down and Possible

Business Description

OWNER HAS DIED RECENTLY. LOOKING TO SELL IMMEDIATELY. Exclusive Manufacturer & Distributor of Licensed Sports Products for the NHL, NCAA and MLB. Since 2008, this business has shown year after year growth. Although the owner has recently passed, his son has stepped in to oversee operations until a sale is made. This is a once in a lifetime opportunity. They are one of only a handful of companies licensed to produce the product that they have. There is tremendous room to expand into licensed and non-licensed items. In 2011 the business grossed $2,358,215.00 with a Net Income of approx. $161,514.00. THIS IS 100% VERIFIABLE BASED ON TAX RETURNS. (Please keep in mind that the price is negotiable and INCLUDES APPROX. $500K IN INVENTORY) Sales are up for 2012 with Walmart coming on as a new client this Summer. Any buyer must be prepared to provide Proof of Funds for at least $500K for the purchase, plus an additional $500K for working capital, deposits, etc. If you fit these criterion call or email Mel Vaz now at 631-909-1095 or mvaz@vestedbb.com.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.