Description of the business for sale
E-2 Visa Qualified Investment! Exponential growth as the Largest Internet Based Hobby Shop in the World! The Company markets Giant Scale RC Airplanes & Jets with Gas or Turbine Engines. This is a Great niche market and the business dominates this market with 18 employees, 3 PT and 2 Managers.
Company has approximately 11,500 clients and it also sells to Distributors and Hobby Shops Globally.
An Additional 2 Manufacturers were recently secured with the "Exclusive Import Rights". This will generate an EXTRA $190K per month, in addition to figures stated! First container as a result of the “Exclusive Import Rights”, are due in September.
Price includes $900,000 in inventory plus $50K in FF&E. Owner wishes to retire. This business will GROW and so will the asking price. NOW is the time to buy. New owner can also add Helicopters, Boats & Cars to website! This is an outstanding Opportunity!
Financial Statement with a net worth north of 2 million & NDA Required. Owner Financing is available to qualified Buyer.
Support / Training provided by seller
Sales Price:. $1,700,000 includes Inventory.
50% of the purchase price to be paid at closing. The Seller-Held Second is to be paid over a period of 60 months at 8% interest. Buyer’s Collateral to consist of the business and Buyers personal property. The value of the Buyer’s personal net worth must be well in excess of the balance, and be acceptable to Sellers. The actual inventory at the time of closing will be used to adjust the sales prices up or down based on $900,000. There is no dead inventory at this time. No provisions for dead inventory will be available after closing.
Consultation: Sellers to spend 4 hours a day, weekdays, from 10:30 am to 3 pm (minus ½ hour lunch) for a period of 30 days to perform the turnover/transition period. Next 35 months to provide phone consultation.
Description of the facilities
6,000 sq ft @ approximately $1,500/per month
Up to 90 days use of current facilities which includes several offices and warehouse space at no charge. The facilities are available weekdays from 6am to 7pm. It is against county regulations to operate a business from a residential property if the business has employees, so it is best to relocate it as soon as practical. Buyers to pay for all moving expenses.
For a period of 5 years Sellers agrees to fly and promote products and represent the Company the best way possible. Seller will fly products and wear Company apparel where appropriate.
All vendors and vendor agreements. Seller to work with all vendors to obtain similar payment terms with the new owner