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Asking Price$1,750,000
Revenue$1,156,697 EstablishedUndisclosed
Cash Flow$330,000 Employees2 full, 1 part
FF&E$50,000 FranchiseNo
Inventory$4,000,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Long Established (48 years), major tri- state coin and stamp dealer. Dominant player in coin and stamps for collectors and dealers. Ebay store has 40,000 items with a retail value of 2.5m which is a fraction of sellers total inventory- of $4m at cost and $8M at retail which is included in the sales price. Well known locally, nationally and internationally. Business grossed over $8m per year several years ago when active in bullion. Margins are 40% plus. Coins now represent about 7% of gross sales. Owner will provide long training and transition. Key employee with detailed knowledge of business available to remain with buyer. Employee authorized to value, buy and sell collections and inventory items. Owners net over $300,000 per year The business sales price of $ 1.75m includes all inventory- approx. $4m at Cost ($8m retail) Inventory was appraised at $2.5m 2 years ago with bank willing to finance 80% of the purchase. Lease is month to month, but landlord is willing to provide long lease to qualified buyer. Owner works 4 days a week. Currently not open on weekends. Opportunity for active Saturday opening. Proprietary business software. Owner has a number of automatic subscription buyers for new issues from particular countries- auto billed and shipped. Some background and knowledge of stamps and coins is required to purchase this business. Proof of funds of at least $1m is required for the name and location of this business and a meeting/conference call with the owner. Contact broker Joseph Stansky for more details 1-877-735-5224.
Training/Support:The seller will train the new owner.
Seller Financing:$1,250,000.00 Down & $500k lover 3 years @ 5%
Ad #102459
Seller Reference #30959
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Vested Business Brokers
Vested Business Brokers
877-735-5224
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