Listing ID # 30959
Long-established (48 years) major tri-state coin and stamp dealer for sale. This is a dominant player in coin and stamps for collectors and dealers. Ebay store has 40,000 items, with a retail value of 2.5m, which is a fraction of seller's total inventory of $4m, at cost, and $8M at retai,l which is included in the sale price. Well-known locally, nationally and internationally. Business grossed over $8m per year, several years ago, when active in bullion. Margins are 40% plus. Coins now represent about 7% of gross sales. Owner will provide long training and transition. Key employee with detailed knowledge of business available to remain with buyer. Employee authorized to value, buy and sell collections and inventory items. Owners net over $300,000 per year. The business sale price of $ 1.75m includes all inventory- approx. $4m at cost ($8m retail). Inventory was appraised at $2.5m, two years ago, with bank willing to finance 80% of the purchase. Lease is month tomonth, but landlord is willing to provide long lease to a qualified buyer. Owner works four days a week. Currently not open on weekends. Opportunity for active Saturday opening. Proprietary business software. Owner has a number of automatic subscription buyers for new issues from particular countries- auto-billed and shipped.Some background and knowledge of stamps and coins is required to purchase this business. Proof of funds of at least $1m is required for the name and location of this business and a meeting/conference call with the owner.
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