Business for Sale Overview:
A popular independent video store company is selling one of its locations in Middlesex County. In business for 14 years, the store has built up a base of loyal and repeat clientele by carrying the newest films as well as hard-to-find titles not available at chain stores. The owner has operated for the last 20 years as a mostly absentee owner, and a full-time working owner would generate additional yearly income. This is a fantastic opportunity for an owner/operator with an interest in film, who can net $80,000-90,000 per year in income. The store has become a popular local fixture through its exceptional customer service and large selection of unique and hard-to-find videos. The location attracts local working professionals and students, many of whom have an artistic or indie background. The store has a unique look and feel. Year established: 1993 Employees: 4-5, including 2 managers and several part-time staffers. Most of the staff has been with the company for several years.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
2,400 square foot retail showroom. The location has a favorable, long-term lease in place.
Market Competition and Expansion:
While large chains such as Blockbuster are suffering, local businesses that cater to their clients with competitive prices and unique video selections are thriving. To net additional income, the store should be expanded with additional selections, including games. There is a large demand for video games, such as for Nintendo Xbox or Wii, and adding game rentals should increase revenue. Additionally, most video stores that are highly successful have a large adult video selection. Currently, the store has very few adult films. A wider selection of candy and snacks can also be added.
Reason for Selling:
The owner needs to focus on his other career.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.