Detailed Information - (Note: Information May vary to protect confidentiality).
Business Broker - Jim Peddle - 312-525-9622 or email president@playbookadvisory.com
Location:
Confidential - Need an executed NDA to disclose details to Buyers
Inventory:
Included in asking price - Inventory varies based on seasonality. Peaks 4th quarter each year.
Real Estate:
Leased - Sellers will make proper introductions to the landlord once the legal agreements are prepared.
Building SF:
1,500 - not completely accurate. Speak to broker about the real estate requirements for the business.
Lease Expiration:
10/26/2024 - options and extensions are available.
Employees:
12 - Staffing can vary depending on the seasonality of the business. Peaks 4th quarter.
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price -
Facilities:
A single retail location in Chicago suburbs. Buyers need to execute an NDA for details and location. Retail space is under a 3rd party lease which will need landlord approval prior to closing.
Competition:
Many opportunities to grow the business by expanding the corporate sales area and the e-com platform. The company spends very little on advertising outside social media.
Growth & Expansion:
Open another location, hire sales and marketing professionals to grow the corporate gift channel. Sellers have devoted limited resources to outside sales. A buyer can leverage the accounts already established to grow and sell more products.
Financing:
Seller will consider a seller note on comparable terms with current bank loans. This
Support & Training:
Sellers will provide training and transition that will be negotiated during due diligence. Seasonality affects hours and sales.
Reason for Selling:
Retirement - seller will execute non-compete agreements satisfactory to the needs of the buyer