BUSINESS PROFILE for a QUICK SALE
Manufacture and Distributor of Awards Products
Location: Union County, New Jersey.
Years Established: Approximately 45 years.
Since 1993; Seller is the fourth owner.
Present Ownership:
Gross Sales: 2009: $ 97,000. (Source: Tax Return.)
2010:
$120,000. (Source; Tax Return.)
Interim 2011:
$ 79,000. (through 8/31/2011 from Quickbooks.
Cash Flow: 2009: $ 52,000
2010: $53,000
.
FF&E (FMV): $ 20,000. (Seller’s estimated Fair Market Value.)
Inventory (Cost): $ 10,000. (Seller’s current inventory estimate at Cost.)
Employees: None – Run by Owner.
Lease: Fixed term expired – now month-to-month.
Rent: $800.00 / Month.
Asking Price: $89,000. 50% Financing is Available – See Below.
Included in Sale: Inventory, FF&E, Customer Lists, Signage, Phone and Fax
Numbers, e-Mail Address(es), Web Address(es) Goodwill,
Advertising Material, Trademarks, plus any other tangible or
intangible assets of the Business. Seller will execute a suitable
Non-compete Agreement.
Terms: $44,500 (50%) due at Closing. Seller will hold a Promissory Note
for the balance repayable over 36 months at zero percent (0%)
interest ($1,236 per month until the Promissory Note is fully paid).
Closing: Thirty (30) Days
Reason for Sale: Seller is joining the sales staff of a national distributor of award
products components. He must divest himself quickly of this
company, which is why this is such a Buyer’s Opportunity.
This is an awards and trophy business. For the reason previously outlined, the Seller needs to sell
quickly and divest himself of this business. However, Seller is committed for a reasonable transition
period with the Buyer, to introduce the Buyer to customers, familiarize the Buyer with the equipment, etc.
The business has a base of business upon which a Seller can grow and expand the business. If the
business location is not suitable to a Buyer, the lease is month-to-month and the business can be
relocated to a location considered more suitable by the Buyer.
At the Asking Price, to take advantage of this opportunity, a Buyer must be prepared to move quickly,
completing due diligence in a day or two, having an attorney move quickly to prepare suitable
documentation, and close. Seller financing for 50% of Asking Price is available as set forth above.
If interested and you can close quickly, please call John Jerow at 732-494-6920 or e-mail
JohnJF@Explore-Biz.com. A Non-Disclosure Agreement (NDA - required) is included with this e-mailing.
Please complete the NDA and fax to 732-494-1454.
Sunbelt has been engaged by the Seller to be the exclusive broker to facilitate a sale