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Cigarette And Sundry Wholesaler For Sale

New York County, New York
Asking Price:
$800,000 (USD)
Sales Revenue:
$17,000,000 (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. This business makes $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 a strong possibility that margin increases may be approved in the near future. In business 57 years. Warehouse is extremely cheap and convenient for high-volume inventory intake and delivery to Manhattan customers. There are 200 regular, long-term customers. Licensed sub jobber- not a cigarette stamper. Guaranteed 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, 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:

$600,000.00 Down & Balance over two years at 5%

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

Contact Information

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