Paper & Plastic Distributor in Brooklyn NY - 32316

Financing

$2,200,000 Down and No seller financing. Inventory is an additional $1.3 mil.

Business Description

High Volume Paper & Plastic Packaging Distributor. This business was built from scratch by the current owner in 2008. Since then it has steadily grown. They provide paper and plastic packaging material to clients throughout the tri-state area (NY, NJ, CT and a few clients in PA & MD). Business has increased due to Covid. The vast majority of customers come and pick up. The business has several hundred customers. The inventory is located in two warehouses (6,000 sf. and 10,000 sf.) leased for a total monthly rent of $26,500 per month. The sale price includes all accounts and equipment (one delivery truck, forklifts, pallet jacks). The sale price does not include inventory of approx. $1.3 mil. There is NO website or sales team. That is a tremendous growth opportunity. The business operates M-F 8:45am-5:30pm, Sat. 8:45am-4pm, CLOSED Sunday. In the past year the business grossed approx. $12,477,446.17 with a net income of approx. $1,068,126.34. The seller will provide full financials after face to face meetings only. The owner is willing to stay on for some time to aid in a smooth transition. All candidates must provide proof of liquid funds for at least $3.5 mil. ($2.2 mil. asking price plus $1.3 mil. in inventory) prior to speaking with the owner prior to speaking with the owner or obtaining the business address. All site visits must be made by appointment only.

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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.