Monday, 4 February 2019

S-1627-6 LB Global Import/Export Company (Hong Kong)



Business Description: A Hong Kong firm engaged in import and export of housewares, kitchenware and other supplementary products. It acts as a buying agency for several big name brands and hypermarkets in the US and elsewhere.

Distribution: With offices in Hong Kong, China and India, the company enables its clients to achieve seamless solutions to sourcing, and logistics of a wide range of products, originating in China, the Far East, and Asian Sub-Continent. Their offices are located near the largest ports for easier logistics and proximity to vendors and manufacturers. They offer products and services to clients of different market sectors across the retail, wholesale, distribution and export sectors, and compete in USA, Mexico, South Africa, Eastern Europe, India, Israel, and the UK.

Operational Strengths: Included in the asking price is a bank line of credit of $3,750,000, a fixed bank deposit of $655,000 and real estate in Hong Kong valued at US $491,678.

The Transaction: The owner is moving from Hong Kong to California, and having launched this firm, now in its 17th year, is selling this business in which he has sole ownership.

Financial Summary (000s)

2018
2017
2016
Revenue
$7,145,378
$9,219,698
$8,205,907
Adjusted EBITDA
$727,094
$519,654
$879,831

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Hong Kong
Yew
Yes
17
3631. 3632, 5099

  
Direct All Inquiries to:

Gottesman Company
Refer to:  S-1627-6 LB
Tel: 212-330-8010    Fax: 646-434-4557
                                       E-mail: office@gottesman-company.com