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Financing: $1,250,000.00 Down and $500k over 3 years @ 5% Reason for Selling:Seller is retiring. 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 $ 1.75m 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 of
at least $1m 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.
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. PM |
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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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