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Financing: $800,000.00 Down and $300k over 3 years @ 5% Reason for Selling:Seller is retiring. Looking for a profitable and established coin and stamp dealer business for sale? Look no further than this dominant player in the tri-state area with 48 years of experience! This business boasts a massive inventory worth $4 million at cost and $8 million at retail, which is included in the sale price of $1.1 million. The business grossed over $8 million per year when active in bullion and now has a 40% plus margin. Although coins now represent only 7% of gross sales, the seller's eBay store offers 40,000 items with a retail value of $2.5 million.
The business is well-known locally, nationally, and internationally, and the owner will provide long training and transition to the buyer. A key employee with detailed knowledge of the business is also available to remain with the buyer. With employees authorized to value, buy and sell collections and inventory items, this business is a must-have for anyone with knowledge and passion for the coin and stamp industry.
The business sale price includes all inventory, and the bank is willing to finance 80% of the purchase. The landlord is willing to provide a long lease to a qualified buyer. The owner works four days a week and has proprietary business software, and is currently not open on weekends. The opportunity for an active Saturday opening is available.
Please note that some background and knowledge of stamps and coins is required to purchase this business. Proof of funds is required for the name and location of this business and a meeting/conference call with the owner. Contact broker Joseph Stansky for more details at 1-877-735-5224. Don't miss out on this incredible opportunity to own a profitable and established coin and stamp dealer business!
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. |
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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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1(877) 735-5224 | 50 Karl Ave Smithtown, NY 11787 | vestedbb.com |
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