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
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.