Thriving Closeout and Liquidation Business
Business Description
The 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.
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.
About the Business
- Years in Operation
- 1
- Employees
- 14
- Facilities & Assets
- All 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.
- Opportunities for Growth
- The company has the potential to expand by opening additional warehouses in markets with favorable population trends and demographic support.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Pursuing Other Business Interests
- Transition Support
- Owners are willing to train and transition for term to be negotiated.
- Financing Options
- Will finance $350,000 of purchase price.
Listing Info
- ID
- 2315680
- Listing Views
- 2995
Listing ID: 2315680 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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