Annual Revenue: $2,292,251
Net Cash Flow: $306,958
Location: Philadelphia Area, Pennsylvania
This company has been sold. The company has been importing bath products & other products from China, for over 20 years. It sells mostly to nationally big box retailers and sources items at vendor shows in Hong Kong, & China. Its network of established vendors continue to grow annual revenues. The company also attends domestic trade shows and markets thru established sources. Existing customers continually source this business for new products and trends. Excellent long-term relationships with overseas suppliers, that are easily transferable. Its name Brand nationally is recognizable with buyers.
Facilities: Easily accessible. Can be relocated.
Competition: There are much larger competitors, although this company provides a much higher quality service with a much higher standard of quality control. Its leanness gives it the advantage to develop and market new products for its customers quickly. Unlike larger competitors, its turn times are quicker, hence its services are 2nd to none. Flexibility to move on the customer’s behalf is critical in this business and this company has cornered the market in that area.
Growth & Expansion: This company has worked to establish buyer relationships over the years that has allowed them to easily provide their customers access to their products. It’s a trusted seller that buyers know quality and time commitment to deliver its brand. Numerous customers solely use this company to help them source new products. Its value is in its reputation, and ability to deliver on time. It currently has many approved vendor opportunities that have not been explored for new business. Having vendor approval is an open door for new business.
Support & Training:Owner is willing to support thru a reasonable period of time
Reason for Selling:Retirement