Major distributor of pro audio/musical gear, headphones, home audio equipment.
This company has been serving the market for nearly 50 years and is both well-known and highly trusted by consumers. Company generates 80% of their revenue from Online Sales
The company sells through a diversified set of channels including company website, Amazon, eBay, Reverb, Walmart, and direct to customer. There is also a steady export business with customers in Japan. The product catalog includes approximately 1,200 SKUs from virtually every brand in the industry.
They have received numerous sales awards from several manufacturers including Largest Dealer, Largest Sales Growth and Lifetime Achievement awards.
Company Highlights:
•Robust Product Offering
•Multiple Sales Channels
•Excellent Relationships with Manufacturers
•Strong Staff
•Initial New Owner Training and Support from Seller
This is an excellent opportunity for a new owner to take the reigns of a well-established, successful business and apply their talents & ideas to grow it even greater.
Business is Pre-Qualified for 3rd Party Financing for Qualified Buyers.
Submit NDA and you will be provided with CBR (Confidential Business Review) containing all information need to make a buying decision.
Gross Income: 2739823
Cash Flow: 144348
Fixtures, Furniture & Equipment: 65000
Inventory: 395000
Established: 1970
Business Type: Wholesale/Distribution, Miscellaneous Retail
Location: New York
Employees: 5
Financing: 3rd Party Bank Financing Available; Lender Down Payment: $112,000.00; Lender Number of Months: 10
Absentee Owner: Yes
Additional Features:
Inventory:Not included in asking price
Real Estate:Leased
Building SF:5,700
Lease Expiration:N/A
Employees:5
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities:5,700 SF facility with the warehouse built out to twice that size space by having 2nd level tier platforms, mezzanines and 18-20-foot ceilings. There’s plenty of extra space to do much more with storage.
Support & Training:Training & Support Available
Reason for Selling:Other Business Interests, Owner Relocation