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Business for Sale Summary

Luxury Gift Ecommerce Retailer - 32987

Business Type: electronics & technology,gift and specialty retail,home furniture/ furnishings,internet businesses,misc. internet/technology/non-classifiable,misc. retail/non-classifiable,other personal services,seller financing available,internet consumer services (b2c)
Luxury Gift Ecommerce Retailer
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Financial Information (non-confidential)

General Information
Asking Price $599,000 Down Payment $500,000
Gross Revenues $1,331,656 Lease Remaining Register Free to View
Owner’s Cash Flow $230,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and $99K seller financed over 24 months.

Business Description

Luxury Gift Ecommerce Retailer with Trademark. Sales have grown since the Covid 19 pandemic began! This business was established out of a one bedroom apartment and has grown year over year for the first four years. They specialize in the sale of luxury gifts through 2 registered domain names and a Shopify based website. The business is now operated out of a 3,000 sf NJ based warehouse right outside of Manhattan. The rent is only $2,400/mth., including an office and ALL utilities with over 10 years remaining on the lease. The business can be relocated, if desired. In the past year the business grossed $1,331,656.00 with an owner's cash flow of approx. $230,000.00. The sale price INCLUDES $200K IN INVENTORY. The deal also includes a custom built complex multi-channel management system for management products and inventory in one place. The owner has built well established marketplace accounts with regular returning customers (Amazon US and Canada, Ebay, Walmart, Houzz, Rakuten. The business has an outstanding credit history and NET 30 day terms with most suppliers. There is also a well-trained warehouse staff of 2 F/T as well as outsourced workers. The owner is willing to finance a portion of the sale price and offer an initial 3 month training, plus 1 year of phone consultation and support. We are seeking a serious and financially qualified buyer with at least $500K in liquid funds. Proof of funds will be requested prior to releasing full financials or setting up a meeting or phone conference with the seller. All meetings must be scheduled by appointment only!

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.

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.