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Fitness Products Distributor

Details
Posted By:
R M Buehler
Posting ID:
3724o3426
Location:
Southern California
Telephone:
Tags:
 importer   fitness   products   distributor 
Item Category:Business

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Fitness Products Distributor

ID Number: 08044
Primary Category: Distribution
Annual Revenue: $3M
Annual Adjusted Net: $610K
Asking Price: $2M
Inventory: $516,917 (not included in asking price)
FF&E: $75K
Real Estate: $2.3M (not included in asking price)
Seller Financing: TBD
Reason for Selling: Retirement

Summary Description

For over 15 years, FPC, Inc. has been selling select fitness products to its client base in the Southwest US including corporate, retail and government accounts.

As an importer, the company has created working relationships with various suppliers worldwide especially in Asia to ensure product quality and timely delivery.

Currently, the company s roster includes 10 employees which encompass two key people including an Office Manager and

Purchasing/Materials Manager responsible for overseeing most critical aspects of daily operations. Additionally, the company employs an inside sales representative and 2 outside independent reps.

The last three fiscal years have shown strong stable growth wherein 2008 is on-track to be a banner year with gross revenues and adjusted earnings anticipated to exceed $2.8MM and $700K respectively.

The owner is seeking to retire and is also willing to stay on for an extended transition period.

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