Business Overview
About the Company
This business is the largest importer of Leather Embossed Journals in the U\.S\., boasting an extensive inventory of over 100 styles\. In addition to journals, the company offers a variety of other high\-margin products, including incense burners, ashtrays, goblets, and jewelry\. With a strong partnership with manufacturers in China and India, the business benefits from exclusive agreements that prevent competitors from undercutting pricing in the U\.S\.
**Key Features:**
**High Profit Margins**: Products purchased at $10 FOB \(freight on board\) from China or India are sold to stores at $28, creating substantial profit margins\. Distributors receive a 33% discount, lowering their cost to $18 per item, which still ensures a healthy margin\.
**Exclusivity:** The business has exclusive rights for its products in the U\.S\., protecting its pricing structure and ensuring that no one else in the U\.S\. can sell the same designs\.
**Large Inventory**: Over 100 styles of leather\-embossed journals are in stock, along with a diverse range of other products \(incense burners, ashtrays, goblets, and jewelry\), catering to a variety of markets\.
**Market Leader:** As the largest importer of Leather Embossed Journals in the U\.S\., the business is well\-established and recognized in the industry\.
**Location & Operations**: The business operates from an online platform and maintains relationships with key distributors and retailers\. It has a reliable supply chain and established partnerships with factories overseas\. Inventory management is handled efficiently, ensuring consistent product availability\.
**Revenue Model**:
**Retail Sales**: Direct sales to stores at a premium price point\.
Wholesale: Offering a 33% discount to distributors, while still maintaining a strong margin\.
**Profit Margins**: As highlighted, the business enjoys high profit margins per item sold, with a large markup between purchase and retail prices\.
**No Competition on Pricing**: Due to the exclusive manufacturing agreements, the business operates without the risk of competitors offering the same products at lower prices\.
