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Cigarette And Sundry Wholesaler For Sale

New York County, New York
Asking Price:
$960,000 (USD)
Sales Revenue:
$18,500,000 (USD)
Cash Flow:
$230,000 (USD)

One of the top five licensed cigarette and sundry wholesalers in New York. Only 62 licensed sub jobbers in New York City. $14.5m in cigarette sales and $4m in candy and sundry sales. No more sub jobber licenses are available. Dominant player in this very regulated market. Cigarette margins are set by the state and guarantee profitability. Opportunity to expand into categories of paper products, convenience store sizes, frozen foods, and coffee products.There is strong possibility margin increases may be approved in near future. In business 57 years and warehouse is extremely cheap and convenient for high volume inventory intake and delivery to Manhattan customers. 200 regular,long term customers, Licensed sub jobber- not a cigarette stamper. Superior service guarantee same day service. 50% COD and 50% short term receivables.Three delivery trucks make two deliveries each day. Owner will stay for as long as required to assure a successful transition. Great opportunity for existing stamper or sub-jobber or buyer with distribution background. PROOF OF FUNDS REQUIRED to set a meeting with the seller.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Other businesses

Employees:
9

Other Information

Support & training:

The seller will train the new owner.

Financing available:

960,000.00 Down

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$200,000 (USD)

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