Cigarette and Sundry Wholeslaer - 20602 Business Type: wholesale/dist businesses,misc. wholesale/distribution/non-classifiable
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $2,500,000 | Down Payment | $1,500,000 |
| Gross Revenues | $31,353,638 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $809,306 | Number of FT Employees | Register Free to View |
Financing
$1,500,000 Down and $1,000,000 over 4 years at 6%
Business Description
One of the top five licensed cigarette and sundry wholesalers in New York. Dominant player in this very regulated market. Cigarette margins are set by the state and guarantee profitability. There is strong possibility margin increases may be approved in near future. In business 53 years and warehouse is extremely cheap and convenient for high volume inventory intake and delivery. 270 regular,long term customers. Superior service guarantee same day service. 50% COD and 50% short term receivables.Three delivery trucks make two deliveries each day. Owner will stay for as long as required to assure a successful transition. Owner just received a new 5 year lease option. Additional years not a problem. Proof of funds is required for more information. Contact broker for more information.
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.
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