Business Description

The company specializes in selling bulk quantities of pre-owned iPhones to international distributors who then export the products worldwide. Since its establishment in 2015, the company has maintained a reputation for high-quality products and transparency in its operations. With a strong network of distributor clients primarily in Latin America and parts of Europe, there is potential for further growth in Europe, Africa, and China. Its consistent revenue growth and efficient operations make it an appealing opportunity for potential buyers. Key financial highlights include a total revenue of $10.6 million over the past twelve months, with a Seller's Discretionary Earnings (SDE) of $420,000. Despite a projected revenue dip in 2023 to $8.94 million and an SDE of $310,000, the company has demonstrated a robust 31% compound annual growth rate. By optimizing purchasing strategies and operations, the SDE margin has increased significantly. Customers typically pay upon product delivery or provide upfront payments of up to 100% of