Souvenir's & Gifts Manufacturer, Importer and Wholesale Distributor
Asking Price: | $1,200,000 |
Gross Revenue: | $500,000 |
Rent: | $2,650/Month |
FF&E: | $30,000 |
Cash Flow: | $500,000 |
Inventory: | $350,000 |
EBITDA: | $202,000 |
Established Year: | 1999 |
Profitable Wholesale Souvenir business loyal customers since 1999.
Since 1999, our brand has been synonymous with quality and innovation in the world of travel Souvenirs. Built on a foundation of excellence, every product in our collection has been meticulously selected and designed by a dedicated team of designers from the US and India. Creating unique products that not only serve a purpose but also inspire a love for travel and exploration.
This well-established wholesale gift business, operated by its original owners, offers a rare opportunity to acquire a thriving enterprise with a broad portfolio of unique novelty gifts. With years of hands-on experience, the owners have built a seamless operation covering purchasing, production, sales, inventory management, shipping, and billing. This commitment to day-to-day involvement has resulted in a business known for its efficiency and high-quality customer service.
Products: The business specializes in a diverse collection of unique novelty gifts, sourcing directly from China.
The product range includes:
- All 50 State Refrigerator Magnets
- All 50 state Shot Glasses, most of the famous Cities, Countries, Funny Shot Glasses.
- Personalize English, Spanish Name Keyrings, Zipper Puller and Bike Plate Program
- Funny, NCAA License Plates
- Coffee Mugs
- T-Shirts
- Sunglasses & Knives
- Novelties etc.
The product line is constantly evolving, with new categories and innovative items regularly Customers: The business serves a diverse customer base, catering to both retailers and wholesalers/distribution introduced to keep the inventory fresh and appealing. The company's focus on creativity and consistent product development is a key driver of its success.
Key customer segments include:
- Distributors
- Gas Stations with C-Stores & Truck Stops.
- Gift Shops
- Smoke Shops
- General Merchandise Stores
- Grocery Stores
- Liquor Stores
- Airport Gift, Newspaper Stores
- Beach Shops etc.
Customer loyalty is strong, with many clients having purchased from the business for 25 years. Repeat orders are approximately 85% or more, driven by the business's commitment to excellent customer service and high-quality products.
Growth Opportunities: The business has seen significant growth in recent years, with rising demand from various retail segments. Participation in trade shows provides exposure to new customers and industry trends, allowing the business to stay ahead of the curve. There is tremendous potential for further expansion through:
- Increased Trade Show Participation
- Expanded Online Marketing and E-Commerce Initiatives
- New Product Development and Diversification
- Partnerships with Additional Retail and Wholesale Channels & Stores.
- Partnerships with medium to large retail gas stations chains to increase bulk orders.
- Partnerships with Big Box stores like Five Below, ABC Liquor, Walmart, Target etc.
Name & Reputation: The business enjoys a strong reputation within the gift industry, built on years of exceptional customer service and high-quality products. The owners' active presence at trade shows has fostered personal relationships with clients, enhancing the company's reputation and brand recognition.
Payment & Cash Flow: Most customers pay by Check, Credit Cards minimizing accounts receivable and ensuring a steady cash flow. Some established clients are offered payment terms, but the business maintains a disciplined approach to receivables, allowing for consistent investment in inventory and other operational needs. Fast product turnaround ensures quick reorders and a healthy cash flow.
Location & Relocation Potential: The business operates from a 5,000-square-foot total warehouse 2 location in Jacksonville FL with efficient storage and operations. However, the business model allows for relocation, offering flexibility for new owners to operate from anywhere in the United States.
This Business has an excellent opportunity to obtain a VISA.