24 Jul Major Dealer/ Distributor of Pro Audio/ Audiophile Equipment and Musical Gear/ Instruments
Location: New York
Industry: Wholesale/Distribution, Miscellaneous Retail
Listing ID: 903
Major distributor of pro audio/musical gear, headphones, home audio equipment. This company has been serving the market for nearly 50 years and is both well-known and highly trusted by consumers. Company generates 80% of their revenue from Online Sales
The company sells through a diversified set of channels including company website, Amazon, eBay, Reverb, Walmart, and direct to customer. There is also a steady export business with customers in Japan. The product catalog includes approximately 1,200 SKUs from virtually every brand in the industry.
They have received numerous sales awards from several manufacturers including Largest Dealer, Largest Sales Growth and Lifetime Achievement awards.
•Robust Product Offering
•Multiple Sales Channels
•Excellent Relationships with Manufacturers
•Initial New Owner Training and Support from Seller
This is an excellent opportunity for a new owner to take the reigns of a well-established, successful business and apply their talents & ideas to grow it even greater.
Business is Pre-Qualified for 3rd Party Financing for Qualified Buyers.
Submit NDA and you will be provided with CBR (Confidential Business Review) containing all information need to make a buying decision.
Cash Flow: $144,348
FFE: $65,000 (Included in Price)
Reason For Sale:
Other Business Interests, Owner Relocation
Training & Support:
Training & Support Available
Year Established: 1970
Owner Hours Per Week: 40
Non-Owner Payroll: $133,770
Absentee Owner?: Yes
Monthly Rent: $ 6,400
Square Footage: 5700
5,700 SF facility with the warehouse built out to twice that size space by having 2nd level tier platforms, mezzanines and 18-20-foot ceilings.
There’s plenty of extra space to do much more with storage.
3rd Party Bank Financing Available
Lender Down Payment: $112,000.00
Lender Number of Months: 10