Stamp and Coin Business for Sale in NY County - 30959

Financing

$800,000 Down and $300k over 3 years @ 5%

Business Description

Long-established (48 years) major tri-state coin and stamp dealer for sale. This is a dominant player in coin and stamps for collectors and dealers. Ebay store has 40,000 items, with a retail value of 2.5m, which is a fraction of seller's total inventory of $4m, at cost, and $8M at retai,l which is included in the sale price. Well-known locally, nationally and internationally. Business grossed over $8m per year, several years ago, when active in bullion. Margins are 40% plus. Coins now represent about 7% of gross sales. Owner will provide long training and transition. Key employee with detailed knowledge of business available to remain with buyer. Employee authorized to value, buy and sell collections and inventory items. Owners net over $300,000 per year. The business sale price of $ 1.1m includes all inventory- approx. $4m at cost ($8m retail). Inventory was appraised at $2.5m, two years ago, with bank willing to finance 80% of the purchase. Lease is month to month, but landlord is willing to provide long lease to a qualified buyer. Owner works four days a week. Currently not open on weekends. Opportunity for active Saturday opening. Proprietary business software. Owner has a number of automatic subscription buyers for new issues from particular countries- auto-billed and shipped. 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 1-877-735-5224.

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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.