● Industry Overview – The business operates in the retail electronics sector as an online distributor of phones, electronics, phone accessories, and many other trending products.
● Business Description – The business operates through online sales utilizing 7 online resale stores selling products from reputable manufacturers like Apple, JBL, LG, Samsung, Motorola, Parrot Drones, Sony, Go Pro, and more. Selling on online channels like Amazon, eBay, and Walmart. All products are priced dynamically according to the market to stay competitive.
● Location – The business is based in Florida at the moment but can be easily relocated if required. The company you will be partnering with is located in Washington.
● Financial Summary – The business is on track for $2mil in annual sales for the year 2020 an increase from $1.6mil in 2019 and $1.4mil in 2018. The owner benefit is ~$480k per annum. The business currently has $150k worth of inventory but no real-estate. The asking price for the business is $1.25mil.
● Investment Rationale – The investor (you) will be benefiting from being a silent partner having a stake in a business that sells reputable products with high-profit margins. The customer base is already established, and a proven track record of success speaks for itself. The business seems to have done well despite the COVID-19 situation. The business can easily expand and become further profitable by additional investments into marketing and selling in markets outside of the US.
● Customers Overview – The business targets retail electronic customers who are interested in buying mobile phones and accessories.
● Transaction Structure – The business is SBA approved to support the asking price of $1.25mil. The ask from the investor is to cover the down payment of $300k, closing costs, and some working capital in return for 25% of shares in the business.
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