Business for Sale Overview:
The March Group currently represents a successful multi-store rent to own retailer, located in one of the most important agricultural regions in the Pacific NW - an area heavily populated by hispanic agricultural workers who find the rent to own option very attractive. The Company’s willingness to satisfy the needs of customers & the ability to effectively market to the target population have forged very strong bonds b/w the Company and the local hispanic community. Uniquely structured lease provides customers with a strong incentive to exercise the early payoff option; 70% of rentals ultimately lead to purchases – versus the industry-avg keep rate of only 30%. Above average rate of repeat business. Minimal receivables; customers pay with cash. Carries major manufacturer products, but the Company does not have a contractual obligation with any vendor. 2007 projected EBITDA of $170K on $1.511 MM in revenue. Demographic & economic conditions in neighboring counties are very similar to those of the Company’s home region, & strongly support the opening of additional locations. Excellent growth opportunity for any firm specializing in services to the under-banked community.
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Property Features and Assets:
Company stores are generally larger than those of competitors, allowing a wider array of goods to be carried. Locations range in size from 3,500 sq. ft. to 16,500 sq. ft. for the store/warehouse facility. Two locations, including the warehouse facility, are Company-owned and would be available for purchase along with the business.
Market Competition and Expansion:
Rent to own is a very attractive option for the large number of consumers who can’t afford a cash purchase, are unable to qualify for credit, are unable or unwilling to wait to save for a purchase, or simply value the flexibility & try-before-you-by nature of the transaction.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.