Thriving Closeout and Liquidation Business
Location: Idaho
ID: (#201108)
Overview
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.
Details
Reason for Selling:
Established:
Employees:
Furniture, Fixtures, and Equipment (FF&E):
All of the furniture, fixtures and equipment are included in the sale.
Facilities:
All 3 locations are leased facilities.
Inventory:
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.
Support and Training
Owners are willing to train and transition for term to be negotiated.
Broker Contact Information
- Trevin Rasmussen
- Idaho - Boise
- (208) 230-0191 Mobile
- trevin@bristol.group
-
Appointment Only:
- Bristol Group
- Idaho - Boise
- By Appointment Only
- 800 W Main Street, Suite 1460
- Boise, Idaho 83702
- Real Estate Broker: Bristol Group