Seller Financing Available
Asking Price:$960,000
Cash Flow:$380,000
Gross Revenue:$1,900,000
EBITDA:$380,000
FF&E:$20,000
Inventory:$150,000*
Rent:$4,000 per Month
Established:2014
*not included in asking price.
Business Description
Established in 2014 to serve the college and graduate students need to find text books at reasonable prices. Revenue in 2019 and in 2021 was $1.9M. There was a spike during the pandemic of 2020 and revenue hit $2.6M. The company is well connected with sources throughout the US to buy the text books in new condition and then to sell on line to students anywhere. They also sell general merchandise online during the slower times of the years when students are not looking as actively for text books. Revenue from general merchandise came to about 7% of revenue in 2021. The owner has 3 employees that help with the ecommerce and warehouse processes. In 2019 seller discretionary earnings (SDE) were about $425,000 in the spike year of 2020 SDE topped $600,000 and in 2021 SDE came in around $380,000. We are asking $960,000 for the business plus inventory which ranges around $150,000.