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Connecticut Business For Sale |
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| RETAIL GOLF STORE FRANCHISE |
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| Attn: C. J. (Charlie) Vlahos |
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| Fairfield County, CT, USA |
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| Asking Price: |
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$39,900 USD USA Dollars |
| Business for Sale Industry: |
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Retail: Sporting |
| Reason for Selling: |
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Owner’s do not have the desire or money to take |
| Year Established: |
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2005 |
| # of Employees: |
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2 |
| Yearly Cash Flow: |
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$36,000 |
| Yearly Gross Income: |
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$682,000 |
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Business for Sale Overview:
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This is a 3,750 square feet nation-wide franchise Golf Store that sells everything a golfer will ever need including new & used clubs, golf club fitting & repairs, golf apparel, bags, balls, books & videos, caps, hats, gloves, grips, heads, shafts, shoes, tees, travel bags and even lessons. It is a national Franchise located in Fairfield County CT. Owner is started business in May 2005. Store is located in a busy shopping center near 3 other shopping centers, industrial parks and offices close to on-off ramps of a interstate highway.
Hours of operation are 9:30am to 6:00pm Monday through Friday, 9:00am to 5pm on Saturday and 10:00am to 4:00pm on Sunday. Husband & wife Owners work with a full time experienced sales person along with several part-time fill - in positions. All the displays, testing and repair equipment is only 3 years old and in excellent condition. Sales were over $640,000 in 2006 and $682,000 in 2007. The investment in the fit-up equipment, displays, franchise and inventory was over $256,000. Owner Cash Flow at this volume and expense levels is +/- $36,000.
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Property Features and Assets:
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The store is +/- 3,750 square feet. It is located in a large shopping center with hundreds of parking spaces. Base rent is $6,750 per month ($21.60 per square feet) plus nets (landlord common charges). Current common charges are +/- $729 per month ($2.33 per square feet). Total rent for this space is $7,479 ($23.93 per square feet). There is 1 year, 8 months remaining in the original term plus a 5 year option to renew. Any Offer made for this business could include a contingency that a longer term be negotiated with the Landlord - which the Landlord should be willing to do. Within a 15 mile radius of this stores Zip Code there are +/- 27 public and private Golf Courses. Selling Price of this business is $39,900 plus inventory of +/- $120,000.
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Market Competition and Expansion:
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Reason for Sale: Growth requires additional resources which aren’t available.
The owner's would consider financing a qualified Buyer with a $150,000 down payment over 3 years at 10% interest.
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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 a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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