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Luxury Gift Ecommerce Retailer-32987 For Sale

Essex County, New Jersey, US
Asking Price:
$599,000 Inventory / Stock included
Sales Revenue:
$1,331,656
Cash Flow:
$230,000

Luxury Gift Ecommerce Retailer with Trademark. Sales have grown since the Covid 19 pandemic began! This business was established out of a one bedroom apartment and has grown year over year for the first four years. They specialize in the sale of luxury gifts through 2 registered domain names and a Shopify based website. The business is now operated out of a 3,000 sf NJ based warehouse right outside of Manhattan. The rent is only $2,400/mth., including an office and ALL utilities with over 10 years remaining on the lease. The business can be relocated, if desired. In the past year the business grossed $1,331,656.00 with an owner's cash flow of approx. $230,000.00. The sale price INCLUDES $200K IN INVENTORY. The deal also includes a custom built complex multi-channel management system for management products and inventory in one place. The owner has built well established marketplace accounts with regular returning customers (Amazon US and Canada, Ebay, Walmart, Houzz, Rakuten. The business has an outstanding credit history and NET 30 day terms with most suppliers. There is also a well-trained warehouse staff of 2 F/T as well as outsourced workers. The owner is willing to finance a portion of the sale price and offer an initial 3 month training, plus 1 year of phone consultation and support. We are seeking a serious and financially qualified buyer with at least $500K in liquid funds. Proof of funds will be requested prior to releasing full financials or setting up a meeting or phone conference with the seller. All meetings must be scheduled by appointment only!

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For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32987 for instant access to this business information.

Business Operation

Reasons for selling:

Divesting and Moving.

Employees:
2FT
Years established:
2015

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

500,000.00 Down & $99K seller financed over 24 months.

Furniture / Fixtures value:
$30,000
Inventory / Stock value:
$200,000 - included in the asking price

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