Wholesale Distributor “Rep” business of Home Decor.

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Identifier:                          Wholesale Distributor type business of Home Decor.

Description:                       Regional B2B Import and Wholesale Distribution type business providing products for decorative home décor, serving ten Midwestern states (over 4,000 SKUs). The company has developed and maintained an excellent reputation for sourcing other on-trend products from around the world. This established and well-run business comes complete with a seasoned management team in place. All product is “drop shipped” directly to retailers from manufactures. Business drop shipped over $23 million in product for 2019.  An ideal buyer would be motivated, organized and has  some experience with retail/merchandising,  imports and distribution, although no specialized training or licenses are required.

Market:                              Currently working with 35 Conventional and Independent retailers within a ten-state trade area.

Revenue:                           2019 revenues were approx. $818,800. 2018 revenues  were approx.$ 775,500

2020 pre-season orders are equivalent to 2019 orders.

Earnings:                           Seller’s Discretionary Earnings in 2019 were approx. $194,000.

Founded:                            1955

Reason for Sale:             Other interest.

Management:                   The owner is committed to an orderly transition and will help with training.  All other employees are expected to stay on after closing.

Employees :                      6 full-time employees and 2 part-time.

Facilities:                           Leases 1,950 sq. ft. office/showroom

Future:                               The company is well positioned for future growth and earnings.  Company has access to products from current vendors that aren’t being sold to existing customers . Categories such as pets, housewares, candy etc. The company has developed extremely valuable distributing relationships in China and USA.

Price/Terms:                     $795,000, includes all equipment ( $20,000 in value) and goodwill. Seller will finance a portion of this deal to a qualified buyer.

Seller will retain all accounts receivable.

Fee:                                     Seller

Contact:                            Bill Kraemer: bill.kraemer@oibmn.com or 612-331-8392.

Subway: Cash Flow over $47,000

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Subway specializes in sandwiches “built” to each customer’s request. They are known for fresh baked breads, wide variety of meats, cheeses and vegetables. The menu includes breakfast, sandwiches, fresh fit choices, salads, fresh fit for kids, sides, drinks and extras. Subway also offers catering with piled-high sandwich platters, giant subs and assorted desserts.

Today, the SUBWAY brand is the world’s largest submarine sandwich chain with more than 44,000 locations around the world.

This location is located inside of a Walmart, with all the equipment and inventory needed in place to ensure a smooth transition.

 Owner purchased this location  10 months ago. Owner needs to spend more time at home with new baby.

FACILITY: Walmart, 900sq. ft. Monthly rent is approx. $1,600, this includes CAM and property tax.

EMPLOYEES: 1 Full-time manager and 5 Part-time.

GROSS SALES: 2019 Sales were approx. $319,531; 2018 Sales were approx. $274,000. Cash Flow in 2019 to the owner operator was approx. $47,537.

ASKING PRICE: The owner is asking $70,000 for this location. An “average” start-up cost for a Subway restaurant like this is $250,000. This includes approx. $25,000 in equipment and approx. $4,000 in inventory. The Buyer is responsible for an approx. $5,000 Franchisor’s Transfer Fee and 2 weeks of Franchise School in Connecticut.

Franchisees pay 8% in royalties and 4.5% in franchise marketing fees (subject to change). Buyer must be approved as a franchisee by corporate and training will be mandatory.

REASON FOR SALE: Family.

Electronic Assembly Services

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BUSINESS:                           Electronic Assembly Services located in the suburbs of the Twin Cities. This company was established by the current owner in 1992. The company provides many services, which include, printed circuit board assemblies, thru-hole assemblies, surface mount assemblies, box build assembles (build the circuit board). They also do turn- key, which is when they buy all the materials and assemble. They offer  kitted, in which case the customer supplies materials. The company enjoys a good reputation, solid clients, and the electronics industry it serves is booming including environmental, lighting and medical. Daily responsibilities of the owner include sales, purchasing, accounting and involvement with  engineering decisions from time to time. This company is perfect for anyone looking to own a small business with endless potential.

FACILITIES:                          4,200 sq. ft. leased space.  Rent is $2,690.00 plus utilities. The seller feels that this facility could double in sales without increasing the sq. ft. or equipment. Lease expires April 1, 2021 with an option to extend.

EMPLOYEES:                      The business has a staff of a 1 long term full-time employee with owner working part-time.

REVENUE:                           Revenue in 2019 was $130,355, 2018 was $199,329 and 2017 was $155,167.

ASKING PRICE:                  The asking price for the business is $69,000. Included in the price but not limited to are the furniture, fixtures and equipment (value of approximately $75,000). Long term Client List, Website, Goodwill and Business Name.                           Inventory which is valued at $3,000 (at cost) is not included.

REASON FOR SALE:          Retirement. Seller is in his 70’s and is tired. He will provide the necessary training to insure a smooth transition.