Sell a Business!
Post a business for sale for as little as $99.95! |
|
|
Michigan Business For Sale |
|
|
|
| INDEPENDENT VIDEO STORE |
|
|
|
| Attn: Gloria Pearson |
|
| Oakland County, MI, USA |
|
|
|
|
|
|
| Asking Price: |
|
$70,000 USD USA Dollars |
| Business for Sale Industry: |
|
Recreation: Entertainment |
| Reason for Selling: |
|
Other Business Interests. |
| Year Established: |
|
1993 |
| Yearly Revenues: |
|
$205,997 |
| Yearly Cash Flow: |
|
$67,619 |
| Yearly Gross Income: |
|
$205,997 |
|
|
|
|
|
|
Business for Sale Overview:
|
|
A once in a lifetime opportunity for an entrepreneur that is looking for a concept that has the franchise structure, but not the cost of a franchise. A clean, profitable video store established in 1993, it is one of the largest and oldest independent video stores in the area. It is located in a strip mall area friendly to small businesses, and has excellent parking and great exposure to the busy main street. Business is housed in over 4500 square feet space to accommodate large inventory of movie rentals and movies that are for sale to the consumers. Business offers a variety of ice cream and candies that would compliment your movie viewing. Movie inventory totals over $80,000. Store also has a large variety of adult movies in their private adults only section. Annual revenue has been over $250K for the last 3 years with the cash flow ranging from the high $60s to the mid-$80s. If you have ever dreamed of owning your own business and making a great living from it, here is the perfect opportunity.
|
|
Property Features and Assets:
|
|
Great location with no chain competition nearby. Business has 14 year history in same location. Plenty of parking with a reasonable lease space rent. Situated near a Hallmark and CVS store. The current lease is $4000 per mo plus cam lasting until Oct of 2009 with 2 options available. |
|
Market Competition and Expansion:
|
|
Video store has been in the same location for 14 years, and it maintains a competitive edge over its competitors with pricing, selection of new releases, family friendly hours and diverse selection of snack foods. This video store has developed a loyal customer following that have been coming to the store since its inception. The closest competitors are about 2 miles east and 2 miles north, however their limited selection of movies and higher cost for rentals make them no threat to this super store. Area has new development and established neighborhoods that continue to patronize this store time after time. Despite the ever changing vehicles available to the consumer to rent movies from the comfort of their home, this store continues to flourish. Families still appreciate going to their local video store and looking at all new and old movies available to rent. 2 competitors are about 2 miles east and 2 mile north of this location. However they posed no threats because they can not compete with pricing, or incentives that this store offers regularly to draw the customer in. Many options to offer the consumer by not being a franchise that regulates pricing and due dates of movies. |
|
|
|
|
|
Additional Details:
|
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
|
|
|
|
|
|
To contact the seller of this
specific business for sale please complete and submit the following
form.
|
|
|
| Please provide any
additional details: |
|
|
* Indicates required field.
|
|