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Business for Sale

Fine Ornament Distributor for Sale in Suffolk
Suffolk County, NY

Listing #25293

   
Financial Information (non-confidential)
Asking Price $275,000.00 Gross Revenues $353,000.00
Down Payment $275,000.00 Owner’s Cash Flow $85,000.00

Financing: $275,000.00 Down and TBD

Reason for Selling:Personal

Ornament Manufacturer offering 1200 Mouth-Blown, Hand-Painted Exquisite Glass Ornaments. Imported from European manufacturers, there is huge potential here. A new owner could easily expand by adding Crystal, Pottery, Dinnerware and other holiday ornament products. The owner, who is willing to stay up to 2 years for a very smooth transition, will introduce you to these markets and resources. Customers include Bergdorf Goodman, Neiman Marcus, Saks 5th Avenue, Bloomingdales and other fine retailers. The business has an additional showroom in the Atlanta Gift Market that is maintained year-round. You can see her at the Atlanta Gift Show, the New York Gift Show, and at many craft and art fairs around the tri-state area. Craft shows in 2014 will add $100,000 to the gross revenue. Marketing, both wholesale and retail, are done through the company's attractive website. Retail Shows in 2015 will add 100,000 to gross revenue. Seller is willing and expecting to stay on for an appropriate length of time at an agreed upon salary to help the buyer in any way they can. For instance, they would continue to design as well as introduce the buyer to my European vendors, as well as industry and vendor resources.
Marie Goldstein
Senior Business Broker
1-877-735-5224
mgoldstein@vestedbb.com
Servicing Area:
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Marie Goldstein

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

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