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Cigarette and Sundry Wholeslaer
New York County, NY |
Listing #20602 |
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| Financial Information (non-confidential) |
| Asking Price |
$2,500,000.00 |
Gross Revenues |
$31,353,638.00 |
| Down Payment |
$1,500,000.00 |
Owner’s Cash Flow |
$809,306.00 |
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Financing: $1,500,000.00 Down and $1,000,000 over 4 years at 6%
Reason for Selling:Other business interests
One of the top five licensed cigarette and sundry wholesalers in New York. Dominant player in this very regulated market. Cigarette margins are set by the state and guarantee profitability. There is strong possibility margin increases may be approved in near future. In business 53 years and warehouse is extremely cheap and convenient for high volume inventory intake and delivery. 270 regular,long term customers. 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. Owner just received a new 5 year lease option. Additional years not a problem. Proof of funds is required for more information. Contact broker for more information.
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Joseph Stansky Esq
Senior Business Broker
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Servicing Area:
Nassau County, NY
All of NJ
All of CT
All of PA
All of MD
All of NC
All of SC
All of MA
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
