Business Summary:
This business has been awarded a schedule 75 General Service Administration (GSA) contract and they specializes in government agencies sales via the internet of office supplies and products. Office supplies and products that include, but are not limited to items such as: pens, pencils, markers, xerographic paper, printer paper, fax paper, binders, tape, envelopes, shredders, helical-scan, longitudinally oriented video tapes, video cassettes, reel to reel audio tapes, blank endless loop audio cartridge tapes, magnetic tape audio recording cassette, computer tape, reel, cartridge, cassette, diskettes, disk packs, disk cartridges, anti-glare/anti-radiation screens (VDT), ergonomic products (wrist and foot rests), cleaning equipment and supplies (head cleaners, disk drive cleaners, monitor cleaners, toner wipes, minivacuums, etc.) optical disks, CD ROMS, physical storage, security and protective.
The business employs two full time employees including the owner and one part time employee. Business hours or 8AM to 5PM, Monday – Friday, during this time the employees answer the phones, provide customer service and fill orders. The owner works from home paying bills, doing back office work and writing bid quotes. This business is located in California, but it is relocatable and can be ran anywhere in the United States. There is no inventory, nor any need for company delivery vehicles all product are third party shipped to the customer.
The Principal wants to slow down and wishes to sale the business for personal reasons. He believes that with the proper training the new owner can breathe new life into the company and continue to experience the same Growth that the company has had over the last three years:
12/31/2009 $4,100,000 12/31/10 $4,200,000 12/31/11 $5,800,000
The asking price for the business is $1,400,000.00 and estimated cash flow for 2011 was about $350,000.00. This sale does not include cash & cash equivalents; trade accounts receivable and non-operating assets. All existing liabilities, at closing, shall be satisfied by Seller.
There are so many advantages to purchasing an existing GSA contract, like immediate revenue and cash flow, experience and training, home based business, no inventory, no company delivery vehicles and the GSA contract is already in place, no need to go through the long application process. Furthermore, the long application process is not an option at this time. As it says in the letter from GSA to all Prospective Offerors of schedule 75, “GSA will temporarily postpone Schedule 75 to new Multiple Award Schedule (MAS) offers for the next 24 months, effective October 1, 2010.” Don’t miss out on this opportunity call me today at 913-940-3168.
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