Business
Description:
The Company is a
business to business mobile device wholesaler that primarily purchases devices
that have been deemed no longer functional. Through its extensive buyer &
vendor network, the Company offers businesses an easy and ecofriendly way to
liquidate their damaged devices, aiming to generate top dollar value for each
item. The Company specializes in B2B sales and purchases of mobile devices and
tablets. The Company has a well-known brand and is very recognizable in the
mobile device wholesale world on both the purchasing and the selling side. The
Company also has an established network of IT surplus cell phone stores, cell phone
vendors, R2 companies, distributors, third party vendors and cell phone repair
chains. Services include: mobile device purchasing and reselling, auctioning
& second-hand marketplace, inventory management, mobile device & tablet
repair, mobile device & tablet testing, packaging & distribution and
inventory brokering. The Company does not have any formal supplier contracts or
hold any inventory for more than 30 days.
Distribution:
Company products are sold via auction
format on Liquidation.com, Bstocksupply.com & eBay. Company direct sells to
private buyers as well. Customer base includes small independent online retailers
all the way up large multi-million dollar companies. Company can grow through
R2 certification, establishing long term contracts and direct selling to buyers
(business and consumers).
Operational
Strengths:
The Company has
experienced year over year growth for over 4 years. Ownership has roadmap to accelerate future
growth in this unique business niche. The company is relocatable and extremely
asset light business. The owners have
established high quality vendor, supplier, and customer network. The company has zero company debt, no
customer concentration, strong brand name, fully scalable, automated and
efficient sales system & process and a turnkey business operation.
The
Transaction:
There are two owners,
their valuation target is $2.5 Million. Owners would entertain all compelling
offers that would allow for the growth and expansion of the current business
model. Owners are open to helping and consulting during transition period.
Financial
Summary (000s)
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2019
|
2018
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2017
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Revenue
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$3.5
MM
|
$1.9
MM
|
$1.0
MM
|
Adjusted EBITDA
|
$0.59 M (17%)
|
$0.73 M (38%)
|
$0.32 M (32%)
|
Other Highlights
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Location
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Financials
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Management Team in Place
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Years in Business
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SIC Classification
|
Central Texas
|
YES
|
YES
|
4
|
4812, 4813, 7629, 5731
|
Direct
All Inquiries to:
Gottesman
Company
Refer
to: S-2002 AJR
Tel: 718-618-5346 UK Office: +44 (0) 7906786505
E-mail: dmj@gottesman-company.com