Other Online & Technology, Other RetailActive
Thriving Closeout and Liquidation Business
DescriptionThe company specializes in acquiring surplus, overstock, and slightly damaged goods for pennies on the dollar and reselling them below retail. Leveraging a robust online presence through social media, auction platforms, and a website, the business attracts bargain hunters and drives significant sales. This is a fast-growing business with a proven model for success. The company operates three strategic warehouse locations in Idaho.
In just seven months, the business has achieved $1.37M in revenue and a net income of $350K, boasting a 75% gross profit margin. Owners are willing to finance up to 50% of the selling price and will assist in a smooth transition.
Furniture Fixtures & Equipment$100k
Inventory$500kIncluded in Asking Price
Number of EmployeesFull-Time: 14
Reason SellingPursuing Other Business Interests
Facilities & AssetsAll 3 locations are leased facilities. The inventory is at sellers cost. Because of the difficulty of counting and valuing the inventory, no adjustments can be made at closing.
Support & TrainingOwners are willing to train and transition for term to be negotiated.
Growth OpportunitiesThe company has the potential to expand by opening additional warehouses in markets with favorable population trends and demographic support.
Financing OptionsSeller financing is available.Will finance $350,000 of purchase price.