Inventory Basis:at cost, additional
This wholesaler of glasses offers a great variety of sunglasses, readers and accessories, and has been in business for over 25 years. There are multiple product lines which are differentiated from other sunglasses through sub-branding. A large and loyal current customer base assures continued new orders. As the Company is a leader in the limited geographic area in which it operates, the stage is set for explosive growth in new geographies.
According to various industry reports, the sunglasses market is expected to keep growing driven by the increased consumer awareness and demand for protection against ultraviolet radiation and glare. The sustainability of the Company’s business is proven by the fact that its 2021 year-to-date revenue signficantly exceeded revenue for the same period in prior years, and the Company is on its way to its most successful year yet.
The Company is operated from a home office. Given the nature of the business it can be operated from anywhere in the state and even from the nearby states. Given the profitability level and the simplicity of the business model, the Company would be a tremendous acquisition for a first-time business buyer or for a seasoned business owner. No prior experience is required.
While the Owner grew this into a very profitable business, the pace has slowed in recent years as he contemplated retirement. For a new, energetic, and motivated owner, there is ample opportunity to take this successful regional business to new heights. An increased presence online, advertising, and geographical expansion are just a few ways this business can evolve. The growth potential, current profitability, and years of experience, which the seller will pass to the new owner, almost guarantee success.Employees:
Seller will provide support necessary for a smooth transition
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