Importer & Wholesaler of Housewares

1 year ago Los Angeles, United States Ad Views:948 Ad ID: 2223

Additional Details

  • Ad ID2223
  • Posted On1 year ago
  • Ad Views948
  • Price$5,500,000

Description

Substantial Importer & Wholesaler of Housewares

For over 30 years, this importer has been bringing beautiful functional housewares and décor to homes throughout the U.S., Mexico and Central America countries via strong relationships with retail vendors.The company generated $7,000,000 in sales for 2019 and is experiencing good growth and increasing profits.

Included in the price are $1,200,000 in current receivables and $1,800,000 in inventory,  at cost. Inventory turns over approximately 4 times a year.

Nine dedicated employees are expected to stay on if the new owner chooses. Facilities include a showroom at the LA Mart and warehouse space in Commerce, CA. The owner will assure a smooth transition with his suppliers, vendors and customers. This has been a family run business and the seller wants to assure the good reputation and legacy will continue with new ownership.

Importer wholesaler housewares

Price: $5,500,000 Includes Inventory & Accts Rec of  $3 million

2223