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Cigarette & Sundry Wholesaler

584
New York County, New York, United States
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Asking Price$800,000
Revenue$17,000,000 EstablishedUndisclosed
Cash Flow$230,000 Employees8 full, 1 part
FF&E$150,000 FranchiseNo
Inventory$200,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
One of the top five licensed cigarette and sundry wholesalers in New York. Only 62 licensed sub jobbers in New York City. This business makes $14.5m in cigarette sales, and $4m in candy and sundry sales. No more sub jobber licenses are available. Dominant player in this very-regulated market. Cigarette margins are set by the state and guarantee profitability. Opportunity to expand into categories of paper products, convenience store sizes, frozen foods and coffee products. There is a strong possibility that margin increases may be approved in the near future. In business 57 years. Warehouse is extremely cheap and convenient for high-volume inventory intake and delivery to Manhattan customers. There are 200 regular, long-term customers. Licensed sub jobber- not a cigarette stamper. Guaranteed same-day service. 50% COD and 50% short term receivables. Three delivery trucks make two deliveries each day. Owner will stay for as long as required to assure a successful transition. Great opportunity for existing stamper, sub-jobber, or buyer with distribution background. Proof of funds required to set a meeting with the seller. Contact broker Joseph Stansky for more information at 1-877-735-5224.
Training/Support:The seller will train the new owner.
Seller Financing:$600,000.00 Down & Balance over two years at 5%
Sale Reason:Other businesses
Ad #95787
Seller Reference #28846
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Contact This Seller
Joseph Stansky Esq
1-877-735-5224
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