Business Summary:
This is an online wholesaler of ornamental fish food and proprietary medications. It includes an existing data base of existing customers located all over the country, as well as the formulas for the medications which are sold directly primarily to pet shop customers and distributed under their label. The current owner bought the business in 2009, but has not had the time to pursue the license transfer with the FDA. Rather than continue, the owner has decided to simply sell the business, offering a tremendous cash flow generating business to a new owner (this business has been successfully in operation for over 30 years). Do to the online capabilities of this business, and the nationwide customer base, this business can be run from any location. It is a solid opportunity for a buyer willing to jump in and get the business running smoothly. (Gross sales of $460,000 and cash flow of $151,000 are derived from 5 months of 2008 financial data, annualized).
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| Year
Business was Established: 1970 |
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| Number of Employees:
1 FT owner/1PT |
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| Facilities / Terms of Lease:
Easy to relocate. Capable of being operated online, but is currently set up to run from a facility that includes a retail pet shop that is leased.
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| Potential
Growth/Expansion:
With online marketing and referrals from the customer service to the existing customer base, growth in sales is limited only by the capacity to fill orders. Creation of an interactive website for order fulfillment could, by itself, result in explosive growth.
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| Competition:
Due to the proprietary formulas for the fish medications, and the existing national customer base, there is little by way of competition to contend with. With a smooth transfer of ownership and license transfer, this situation is likely to continue. |
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| Owner
willing to train:
Seller will provide training and transition assistance. |
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| Reason for selling:
Pursuit of other opportunities. |
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| This business is Internet Based.
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Seller Reference Number: bm1667624871
BusinessMart.com Listing Number: 86027 |
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