Business Overview:
Very profitable Romance Retail Store Owner Motivated. Price Reduced. Upscale boutiques (2 locations) that sells Toys, Books, Clothing, Wine, Beer and Tobacco. This business is the Oldest, Biggest and Best in the city,...virtually no competition. The current owner understands PR, this business stays in the news for positive contributions to the community. The store recently ran a promotion where they worked with local law enforcement to run a ?Guns for Toys? campaign that got coverage by the national media. Everyone in the city knows of this business and business is booming. Owner is very MOTIVATED to sell. Even though revenue is up over last year, because this is a recession proof industry, the asking price has been reduced significantly. The owner has other business interests and wants to sell this business. She has been in business 17 years and she has been very successful but she wants to move on to new challenges. She is an absentee owner who lives in another state and rarely comes to the stores. This is truly a ?turnkey? business opportunity that you can run hands on or remotely. To make the deal more attractive (or more affordable) a buyer now has the option of buying one location for $1.3M or both for $2M. Option to buy this business with or without real estate. The real estate is available for sale directly from the owner for an additional $850,000. If you choose to buy the business only, the owner will be your landlord and she will be happy to negotiate a long term lease with you and give you the option to buy in the future. We will only entertain serious prospects. You must register with our system first then be prepared to show proof of funds before we will release any additional information about this great business and incredible opportunity. Look at the numbers, then call me at 901.691.7600 to schedule a time to come see the stores and make an offer. *(the numbers in the financial section are assuming you bought the business and the real estate. If you bought the business only you would have to include rent )
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: