1222 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$100,000
Revenue$220,000 Established2018
Cash Flow$110,000 Employees2 full-time
FF&E$2,500 FranchiseNo
Inventory$30,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 33416
This is a well established manufacturer and e-commerce branded retailer. Licensed as a manufacturer in Pennsylvania and known for offering high quality, customized products... "New Listing Price update: 1. The FDA extension letter the seller received 3 months ago was written September 2020 2. The seller had to close down for 6 weeks after a shipping moratorium in April (FedEx and UPS stopped all shipping of all such products, following a governmental demand) USPS was supposed to stop shipping as well but didn’t… after 6 weeks the seller started shipping again. During that time they obtained licenses in 26 states… they and others had been shipping previously without getting licensed. 3. their sales have been cut to 50% of the past year as they now don't sell to the other states at present. (they got licensed in states that don’t charge too much $) . 4. their gross Profit is roughly 44% 5. the seller is expecting another FDA extension as the FDA are behind by 10 to 12 months in even letting applicants know they have received their initial applications… but the seller doesn’t have any proof it will happen 6. The seller doesn't expect to hear from the FDA until this coming September 2021. 7. As a consequence the seller has lowered their asking price to $100,000. Including work database computer and manufacturing equipment and roughly $5,000.- 10,000. Of inventory. the following was published roughly in March2021..." Prior to the preceding update above... Recent recipient (2021) of an FDA approval letter for 31,800 SKU's of variant product which lowers hurdles to future expansion. Having found additional distribution channels, this business is poised to grow by scale.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.  
For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33416 for instant access to this business information.
Training/Support:Seller will train
Sale Reason:Other Interests
Ad #126682
Seller Reference #33416
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Vested Business Brokers
Vested Business Brokers
Email Address