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Asking PriceUndisclosed
Revenue$68,000,000 Established1920
Cash Flow$978,000 Employees4 full-time
FF&EUndisclosed FranchiseNo
Inventory$2,000,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Highly profitable licensed cigarettes stamper in business since 1920 located in the New Jersey / New York metropolitan area. This very unusual business opportunity is licensed to stamp & distribute cigarettes in New Jersey, Pennsylvania, Connecticut and Maryland. The company has a 2016 gross yearly income of $68,000,000 and a verifiable yearly net income of $978,000. Approximately 80% of their business represents wholesale supplies to independent distributors and 20% represents direct delivery to retail stores. The tax payment for this product is required by each state, evidenced by a cigarette tax stamp which is affixed by a licensed wholesaler to each cigarette pack sold. The sale includes a turn key operation including computers, software, cigarettes stamp equipment, POS system, one box truck, high-low, 5,000 square feet of shelving and various equipment required for this industry. This wholesale business has two full & two-part time employees who are unaware of the pending sale and fully expected to remain post-closing. The Company is operational five days weekly with hours from 6:00 am to 5:00 pm. The sale includes four cigarette tax licenses for New Jersey, Pennsylvania, Maryland and Connecticut, including the municipal certificate of occupancy for this facility. The sale offers a new three-year commercial lease which expires 2021, monthly rent is $14,000, cost per square feet is $33.62, rent security of $14,000 all utilities included. This is a solid business opportunity with continued growth potential for a new owner operator. Based on the asking price and net income, this business opportunity will supply a substantial return on investment to the owner operator prior to debt service. This business transaction is confidential to the employees and public, all viewings are by appointment only.
Facilities:The business facility consists of a secured commercial warehouse, approximately 5,000 square feet with appropriate storage and access to loading docks.
Competition:Due to the nature of this wholesale industry and required stamp license, limited competitors exist, also the seller has agreed to supply an appropriate non-compete agreement to the new operator.
Growth Potential:The company presently has a limited marketing system, no web site, and no sales staff which would be helpful to develop new and additional business relationships. With an improved marketing plan to obtain additional wholesaler & retailer relationships this company can further improve its yearly gross sales.
Training/Support:The seller will remain post-closing to supply an appropriate transition to the purchaser and to supply an appropriate transitional period.
Seller Financing:Conditionally approved to a qualified buyer with an appropriate down payment.
Sale Reason:The owner is involved in an alternative wholesale company.
Ad #99044
Seller Reference #DIST192
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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