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Equipment, Consumer & Institutional Products For Sale
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $450000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2007
Number of Employees 1 - 3
Inventory 100000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Partnership dispute
Description This company was built on a simple, but highly effective age old business premise ... Buy Low ... Sell High. The Company focuses on acquiring, at auction, pre-owned equipment and consumer and institutional products and then re-selling to Universities, large Corporation and the general public. It utilizes 21st Century Internet Technology to profitably market their products nationally. Much of their original emphasis was on Bio-Medical & Test Equipment, which still represents a significant portion of their high margin product sales. Recently they have added general consumer products to their extensive product list. The owner attends selected auctions from the Bay Area to San Diego purchasing those products that he recognizes have a high commercial value and that fit his existing target audience of customers. His client list of over 2,000 return customers includes many of the nation's top Universities including: the entire University of California system, USC, University of Indiana and Alabama and many more. It's important to note that the company has achieved an important Approved Vendor Status with many of his well known clients, which enables him to avoid the barriers that prevent many sellers to deal directly with the buyers at Public Institutions. The Company also maintains an impressive list of major corporations that they deal directly with such as Apple Computer. Their Approved Vendor status is a tribute to their consistent high standards of customer service. They maintain an inventory of quality highly marketable products in a modern high security warehouse consisting of over 7,000 square feet. The warehouse is adjacent to a County of Los Angeles government warehouse facility that has 24-hour security. There is currently $100,000 of inventory (at cost) (re-sale value = $500,000) and $50,000 of equipment in their warehouse facility; all of which is included in the purchase price. A family dispute necessitates the sale of the business.
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