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Virginia Business For Sale |
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| EXPANSIVE PORTSMOUTH VIDEO RENTAL STORE |
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| Attn: Frank Chebalo |
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| Portsmouth, VA, USA |
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| Asking Price: |
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$850,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Video, Photography, Film |
| Reason for Selling: |
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Retirement. |
| Year Established: |
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1983 |
| # of Employees: |
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5 Full/3 Part |
| Yearly Revenues: |
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$560,000 |
| Yearly Cash Flow: |
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$250,000 |
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Business for Sale Overview:
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This is a great opportunity to own and operate an expansive and long established video rental and retail facility. The owner has enjoyed substantial growth over the last two years as a result of downsizing in this category, and is projecting the same growth in 2008. The owner has a winning formula, which has allowed him to enjoy the profitability and excitement associated with an operation in the video rental line. The location is ideal, and has become an established icon in the community. To keep the brand strong, the owner has designed a substantial marketing plan keep the revenue generating engine alive. That coupled with a continually changing inventory keeps the customers returning. The strong brand associated with this facility insures longevity well into the future. The current owner has a wealth of knowledge in the video rental business and can train a buyer in the art of making money in this type of business with respect to pricing strategies, turning inventory, sales promotions, etc. The owner is retiring and planning to move out of state. A long lease is in place at a very reasonable cost.
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Property Features and Assets:
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6,800 sq. ft. building. |
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Additional Details:
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- 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.
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