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Posted: Tuesday, October 10, 2017 6:34 AM

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Cigarette & Sundry Wholesaler

Business Description: One of the top five licensed cigarette and sundry
wholesalers in New York. Only 62 licensed sub jobbers
in New York City. $14.5m in cigarette sales and $4m in
candy and sundry sales. Sales were $31m 4 years ago
when seller let wife run company while he was away.
Sales can be quickly rebuilt back to $30million. No more
sub jobber licenses are available. Dominant player in
this very regulated market. Cigarette margins are set
by the state and guarantee profitability. Opportunity to
expand into categories of paper products, convenience
store sizes, frozen foods, and coffee products.There is
strong possibility margin increases may be approved in
near future. In business 57 years and warehouse is
extremely cheap and convenient for high volume
inventory intake and delivery to Manhattan customers.
270 regular,long term customers, Licensed sub jobber-
not a cigarette stamper. Superior service guarantee
same day service. 50% COD and 50% short term
receivables.Three delivery trucks make two deliveries
each day. Owner will stay for as long as required to
assure a successful transition. Great opportunity for
existing stamper or sub-jobber or buyer with distribution
background.
PROOF OF FUNDS REQUIRED to set a meeting with the seller.
Contact broker Joseph Stansky for more information 1-877-735-5224.

Asking Price: $960,000.00

Gross Revenue: $18,500,000.00

Owner's Cash Flow: $230,000.00

Down Payment: $960,000.00

For more information, contact Vested Business Brokers at 1(877) 7355224.

We have over 3,700 businesses for sale, many with owner financing. Visit our site today to find the business that's right for you.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.

• Location: Manhattan, New York County

• Post ID: 128149638 manhattan

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