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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,wedding gowns/accessories,wholesale/dist businesses,apparel and accessory store
Pre-Owned Luxury Goods Authenticator
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Financial Information (non-confidential)

General Information
Asking Price $12,000,000 Down Payment $12,000,000
Gross Revenues $6,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $2,000,000 Number of FT Employees Register Free to View

Financing

$12,000,000 Down and

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. While he can probably double or triple his gross revenue and profits without the need of a partner over the next couple of years, he also recognizes that he could use help building an organization around him to take the business to much much higher levels. Once at those levels, there are considerably larger entities who may be interested in acquiring this business for valuations substantially above today's. His sourcing, deep product knowledge, and authentication methodology are second-to-none. Based on his run-rate in 2021, he projects that the business will probably gross & net $6M & $2M, respectively. That's up from $2M & $500K 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. Unlike some of his competitors, his products are trusted as authentic and purchased on multiple major platforms, representing a wide range of demographics. 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 he has on hand. Valued at just 6 times 2021's cash flow and with similar growth prospects for years to come, this is a more than fair valuation to buy in at. Should you have what it takes to make a positive contribution to the growth of this business, you will only be further insuring your success. 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 released. Please email Jay Goldman, the listing broker, at jaygoldman@vestedbb.com for more information.

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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.