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Operating Business Auction
Thursday July 17th 1pm
4 Page Road · Davenport, FL 33837
Buyer will be purchasing the following assets
- Web site & on line store
- Customer list, orders, and contracts
- Office furnishings, Manufacturing equipment
- Forklift, Molds, Racks, Shelving, Conveyors, Tools
- Completed inventory and works in progress
- Trade accounts receivable (approximately $70,000)
- Trademarks & business name
Buyer will be assuming the following liabilities
- trade accounts payable (approximately $70,000
- remainder of 20 year lease on building $7000 per month (approx 19 years)
- royalty payments due the author of verses and poems due on merchandise inventory as sold
Other Terms & Details
- Current management, sales agents, technicians, and skilled workers are willing to stay on with the business.
- Buyer will need to furnish his own operating company or form a new one to operate the business.
- (The corporate stock of Books of Love Inc will not be included.)
- 10% buyers premium will be added to bid to arrive at the final contract price.
- $5,000 deposit due auction day plus $14,000 for first and last months rent and a $7,000 securtiy deposit ($26,000 total)
- Balance payable at closing on August 1, 2008
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Features of the business
- annual sales avg. $850,000
- 10 leased employees
- license in place for use of poems and verses
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Due to financial circumstances of the owner and unrelated to the business operation, the business must be sold.
For many years, the business has proven very profitable and has enjoyed a steady growth in a very unique market nitche.
About 90% of the revenues are from wholesale distributers, gift stores, flower shops, and other retailers. 10% of the revenue is derived from on line retail sales.
The current employees have been with the company for a long time (through a staff leasing company) and are planning to stay with the new owners.
Prospective bidders are welcome to examine the books after signing a confidentiallity agreement.
Please contact Aaron Bond 1-800-367-5163 for appointment
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