Within the overall industry of promotional product distributers, there are countless companies selling low-cost employee “trinkets” such as mugs, pens, shirts and the like, generating an average $120 per order. There are fewer companies selling premium incentives, such as small appliances, pots & pans, clothing items, etc. And less than a dozen companies in the world are in the ranks of our client, who provides high-end corporate employee rewards such as luxury cars, vacations, and extravagant jewelry. The average customer spend per order is $24,000.
While this company is already in a unique league among corporate rewards companies, their value proposition extends well beyond employee incentives. In fact, there is a longitudinal aspect to this company not typically seen in the industry. Competitors will often complete fulfillment from a catalog. Others specialize in logistics for fulfilling these items. Others will create the logos and tag-lines printed or engrained onto the trinkets. The full process often requires 4-5 vendors.
In contrast, this company does it all: fulfillment, manufacturing, creative, customization, pick/pack/Ship, logistics, and more. As a result, their clients save money by eliminating the need for multiple vendors. This has created a highly loyal and "sticky" client base, not limited to the United States. With global shipping capacity, the company's clientele has spanned the world, serving 180 countries and counting.
The company's modern 30,000 sq. ft. warehouse is FDA registered, and part of a mature distribution system that includes global sourcing. Because of this, the business was able to help mitigate the PPE shortage with the onset of Covid in 2020, ultimately generating $50 million across 7 states within 6 months without missing a beat.
After nearly forty years of building a trusted name brand, self-sufficient employees, a global network, and standardized process, the owner is ready to either find a partner or a new owner who can integrate their own talents and take the company to a new tier of success.
To find out more about this opportunity, please visit our site, locate the listing, sign an electronic NDA and unlock financials, a video interview with the owner, SWOT analysis and more.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.