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Business for Sale Summary

Cigarette & Sundry Wholesaler- New York County, NY - 28846

Business Type: wholesale/dist businesses,all industries,misc. wholesale/distribution/non-classifiable,new to market
Owner Financing
Cigarette & Sundry Wholesaler- New York County, NY
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Financial Information (non-confidential)

General Information
Asking Price $800,000 Down Payment $600,000
Gross Revenues $17,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $230,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and Balance over two years at 5%

Business Description

One of the top five licensed cigarette and sundry wholesalers in New York. Only 62 licensed sub jobbers in New York City. This business makes $14.5m in cigarette sales, and $4m in candy and sundry sales. No more sub jobber licenses are available. Dominant player in this very-regulated market. Cigarette margins are set by the state and guarantee profitability. Opportunity to expand into categories of paper products, convenience store sizes, frozen foods and coffee products. There is a strong possibility that margin increases may be approved in the near future. In business 57 years. Warehouse is extremely cheap and convenient for high-volume inventory intake and delivery to Manhattan customers. There are 200 regular, long-term customers. Licensed sub jobber- not a cigarette stamper. Guaranteed 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. Great opportunity for existing stamper, sub-jobber, or buyer with distribution background. Proof of funds required to set a meeting with the seller. Contact broker Joseph Stansky for more information at 1-877-735-5224.

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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.