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Businesses For Sale > Business For Sale in Chicago, Illinois (IL)

Partners wanted, 10 yr old Co., 250k min or max 1.5 mil based on interest

Chicago, Illinois (IL)

Asking Price: Gross: Cash Flow:
$250,000 $5,575,000 $2,250,000

Furniture and Fixtures Value:
$5,000 (included in the asking price)

Business Summary:
This Chicago company was founded in mid/late 1990’s by the current and primary owner. He is seeking some new "key" relationships with investing partners who want to get a great return on their money & also an active role in company operations if they want it. This owner discovered an opportunity over 10 years ago to supply customers with high-quality products related to...Two specific criteria. Prior to starting the business, the owner investigated the opportunity and confirmed that this market was not being served efficiently as consumers had lost faith in the products that were available at that time. American consumers purchase 11.2 million of these products every year. The Size of the US domestic market for this product is estimated at $322 million annually. The domestic market has been growing at about 30% per year and we project growth in market share of about 1-5% a year. Our research indicates that there is a specific target market for this product and we know who that audience is as well as what they want. This company has currently launched several product lines in the market place. The product has three patents and two registered trademarks. This company is seeking partners with capital in the amount of $250,000.00 - $1,500,000.00. This capital investment will allow the company to implement its growth plan. The company will diversify our product line by launching a new product, launch a national DRTV test campaign, increase current inventory, secure a well known endorser and launch a PR campaign to secure media exposure in a variety of areas including talk shows and news related programming such as, Oprah, GMA, NBC Today’s Show, CBS Early Show and others. This will generate over 5.5 million in gross revenues. The company’s long term sales objective is to reach $ 22.1 million in sales by 2009. Management plans to achieve a net profit margin of 47.1% and a market share of 3% by 2009.

 

   
Year Business was Established: 1997
   
Potential Growth/Expansion: No other company manufactures a product like this.  
   
Competition: No other company manufactures a product like this.  
   
Owner willing to finance: This is an owner requesting partners  
   
Owner willing to train: Yes, definitely!  
   
Reason for selling: Needing capital for expansion as they have orders lining up from QVC, Court TV, national retail stores and other exposure etc....  
   
Seller Reference Number: 020108
BusinessMart.com Listing Number: 38460
 

 

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Getting Into Business: Partners wanted, 10 yr old Co., 250k min or max 1.5 mil based on interest
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For more info contact:

Dennis J. Hansmann

American Business Acquisitions, Inc.
312-360-1953

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