Price: $470,000
Location: Los Angeles County, CA
Industry: Websites and Ecommerce
Listing ID: 01985454DK
Listing Status: New
Listing ID - 01985454DK
While numerous Internet online stores are short-lived, this one has been around for more than 20 years.
This online hobby craft store is enjoying a dedicated, loyal hobbyist customer base with stable profits - now, the owner would like to retire and spend more time with family.
Transparency of the business is provided through complete books and records with matching tax returns.
The sales have been over $1M for the last 5 years.
1 full-time manager and 1 full-time shipper assist the owner, and both of them are on W2.
The 2000 SF warehouse can be relocated anywhere. The purchase will include -
* Perpetual non-compete agreement for the online store presence
* Provide business training & Assist online store setup under new ownership - up to 4 weeks upon close of escrow
* Seller can be available as a paid consultant after the free 4-week training
* Complete assistance for the buyer in embracing existing customers & vendors
** SBA financing available for qualified buyers
** Supply Inventory of about $400k @cost is an addition to the purchase price.
Please contact the listing agent for details.
Buyer will be prequalified with proof of funds prior to sharing seller financials.
Down Payment: $470,000
Total Sales: $1,040,000
Cash Flow: $218,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $10,000
FFE Included: Yes
Inventory: $400,000
Inventory Included: No
Year Established: 1999
Owner Hours Per Week: Part Time
Non-Owner Payroll: N/A
Employees: 2
Absentee Owner: No
Lease Option: New Lease Available
Real Estate: N/A
Monthly Rent: $2,375
Type of Location: Warehouse
Square Footage: 2000
Reason For Sale: Retirement
