Bath & Kitchen E-Tailer/Brick-and-Mortar
Kings County, NY
Asking Price $1,200,000 Down Payment $600,000
Gross Revenue $2,650,000
Owner’s Cash Flow $385,000
$600,000 Down and $600,000 over 36 months at 6%
This Brooklyn-based Bath & Kitchen E-Tailer/Brick-and-Mortar Retailer may be the best listing I've ever had. 90% of sales are generated on-line and 99% of all orders are drop-shipped, thus eliminating inventory risk and warehousing expense. Where are you going to find an internet-based business selling for just 3 times its verifiable cash flow? As an established authorized dealer/seller on Amazon and Ebay (under different names than the physical store), this business offers over 20,000 SKUs and has no limitations on revenues it may generate on these sites. Were you starting from scratch, you would probably be limited by these e-commerce portals to selling no more than $5K per month in merchandise in your first year. Having a brick-and-mortar store is a necessity, as it establishes legitimacy with name-brand manufacturers and importer/wholesalers. The store consists of 1,000 square feet of showroom space at street level and another 1,000 square feet in the basement that it hardly utilizes, as total physical inventory at any given point in time might amount to $30K. Rent is only $4,000/month.The landlord is prepared to give you at least a 10 year lease. The store is open from 10am-7pm Monday-Friday and 10am-6pm Saturday-Sunday. The sellers are willing to stay on for at least 3 months to teach you everything you need to know to take over the reins from them.