Selling a broad range of electrical products for use in Asia, the Middle East, Europe and Africa since approximately 1998. Good margins on product and strong additional revenue from packing and shipping logistics for relocations and commercial orders. Serving Ottawa’s diverse network of frequent travellers, ex-patriots, diplomats and entrepreneurs this business has virtually no local competition. Well established clientele. Founder/owner is retiring. Simple gross lease of 5 years started April 2017 at $3500/month with minor annual escalation ($100) and 5 year option. This going concern can return the initial investment within a couple of years as is, plus a clear opportunity for the new owner with the addition of a web store front currently being developed. Largely a just-in-time order and delivery model, storefront inventory hovers between $50K - $100K and is included in the purchase price.
Owner Retiring and Relocating
Founder / original owner has run this business successfully for 19 years. Loves the business but it’s time to retire and relocate to join family. Owner willing to provide some training.
Upside With Online Sales
Business has been a store front and phone based business for 19 years with no online presence. Development has begun on a web store front that is certain to drive revenue considerably higher. Valuation does not take this into account - your business could be worth much more after just a couple of years.
The business model is largely just-in-time order and ship to minimize carrying cost of inventory. However, there is typically between $50K and $100K inventory on hand, and current inventory at time of sale is included in the asking price.