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* Pivoting to Covid-19 related supplies for retailers: masks, gloves, thermometers, etc.
* Sales Up Over 250% since 2015
* Current Owner Works Only a Few Hours a Week
* Third Party Resources Make Business Relocatable Anywhere
* Solid Margins
* Potential Synergies for Strategic Buyer
One million dollars a year in profit projected for 2020 with no employees and practically no overhead! Seem to good to be true? Founded in 1962 as a cosmetics brand, this company has grown its sales three-fold by focusing on disposable items and being known for its high quality service and competitive pricing. Disposable products have become an integral part of the cosmetics and beauty industry. Since taking over the company in 2015 and eliminating overhead, Seller has streamlined logistics and turned this into a high-profit business. Industry-best customer service, speed of delivery and ability to source products in multiple categories from relationships with factories in China has opened opportunities with new large-volume customers. Cosmetic supply products include a high-margin branded product, commodity items and private label versions. The flagship product is a ready -to-use anti-microbial/anti-bacterial brush cleanser that helps disinfect and prevents harmful bacteria found on make-up brushes. Also supplies packaging materials to the cosmetics industry. In 2020, the company has pivoted to health care supplies, by leveraging its existing supplier relationships to be able to provide, masks, gloves, thermometers, etc. for their customers.
This business is a perfect fit for a family office portfolio or small private equity firm. A new owner could bring on an operations manager to keep the engine running, and focus on building a sales team to take to the next level.
Since acquiring the business in 2015, Seller has not only streamlined operations, making processes more efficient, but also increased product lines as well as services that can be offered to existing customers. Areas of expansion have already included packaging solutions including printed material, bags, jars, lids, etc. By way of its strategic relationships with multiple factories in China, its current sources can offer other products that customers may need. In addition, logistics services including warehousing, distribution and fulfillment could be added as additional profit centers. In 2020, by leveraging supplier relationships, they have been able to supply masks, gloves, etc., to their customers and will continue to supply these items.
Owner seeking a buyer with capital needed to take company to the next level.
Seller will include up to four full time weeks of training in the purchase price and is open to discussion about an on-going relationship.
Seller will consider financing up to $1,450,000 for a highly qualified buyer.
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