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Business for Sale Summary

Pre-Owned Luxury Goods Authenticator - 34348

Business Type: domain names/ basic sites,gift and specialty retail,home-based business,internet business services (b2b),internet consumer services (b2c),jewelry store,misc. retail/non-classifiable,misc. wholesale/distribution/non-classifiable,seller financing available,wholesale/dist businesses,apparel and accessory store
Pre-Owned Luxury Goods Authenticator
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This business has received 13 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $20,000,000 Down Payment $10,000,000
Gross Revenues $5,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $2,000,000 Number of FT Employees Register Free to View

Financing

$10,000,000 Down and The seller will provide up to $10M in seller financing at 6% over 120 months to serious & qualified purchasers

Business Description

The hard-driving skilled & talented founder/owner of this unique Pre-Owned & Vintage Luxury Goods Buyer, Seller, and Authenticator is primed to continue growing his business exponentially. He is wise to recognize that he cannot do it without the funding and infrastructure capabilities of a synergistic partner, whether that be a well-heeled individual or entity. Based on his run-rate so far this year, he projects that the business will at least gross & net $5M & $2M, respectively, up from $2M & $500K, respectively, in 2020. At present, the business is home-based, run out of his 4,300 square foot basement, within which $3M of inventory at his cost is stored. Everything can be re-located! His sourcing, deep product knowledge, and authentication methodology are second-to-none. Unlike some of his competitors, his products are trusted and purchased on multiple major platforms, representing a wide range of demographics. Were one of these platforms to acquire this business, not only would it benefit from what the owner brings to the table, but the revenues & profits generated would be more, given that the fees that platform charges would no longer be deducted. Furthermore, a growing number of platforms have been outright purchasing sourced and authenticated pre-owned & vintage luxury goods at wholesale from this company. As per the owner, he knows where & how to purchase as much quality inventory as the funds with which he has to work. Lastly, the business has its own website, on which it does make sales, but they only amount to 1-2% of revenue. If you are new to Vested Business Brokers, please become a free registered buyer under listing 34348. Should you want to obtain the name of this business, kindly upgrade to premium membership. Proof of funds is required by the seller before the name can be received. Jay Goldman, the listing broker, will then be in immediate contact with you.

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.