- List Price: $1,500,000
- Sales: $1,850,000
- Adjusted Income: $425,000
- Down Payment: NA
- FFE Values: 10000
- Inventory: 150000
- R.E. Value: NA
- Location: Utah
- Category: Technology / Internet
The company operates as an importer, distributor, and retailer, of consumer products, selling both well-known name-brands as well as their own branded products. They have multiple sales channels:
E-commerce through their own web site as well as 3rd party websites such as Amazon, Walmart, Newegg, eBay, etc. via an in-house integrated point of sale system.
Their brick-and-mortar stores – 2 locations in Salt Lake City, Utah — also fulfill online, using a proprietary inventory software they developed to track all inventory in all locations. They also wholesale to other retailers.
The company imports products directly from China, using a broker who has relationships with major manufacturers. They have extensive experience with the importing process and can get very competitive pricing. Additionally, they have negotiated very reasonable domestic and international shipping rates with DHL. The company maintains a warehouse in Salt Lake City to both stock the retail stores and fulfill online orders.
New owners could expand the business by adding to the salesforce to expand the customer base beyond their own retail/etail outlets. They could sell to independent retailers, gas stations that carry merchandise, C-Stores, and specialized retailers. They could also start distributing domestic products, not just those from China.
The company could expand internet business by increasing their geographic footprint on Amazon, implementing price-matching software, and building a social media presence. The company has enough store fixtures on hand to open 2 more store locations with minimal investment.