Owner Financing is Available!
Business Overview:
After a long retailing career, this 76 year old owner has decided to sell his last store and retire. For the past 11 years, the owner of the Mackinaw City (MI) Sun Optics has enjoyed this seasonal (open six months annually: May – October) business even while residing over 100 miles away.
This successful specialty retail Sunglasses business is located in Mackinaw Crossings, an open-air lifestyle mall, near the famous Mackinac Bridge and Mackinac Island – both draw thousands of tourists every summer. Over the past five years sales for the six months per year that the store is open have ranged from $142,000 to over $180,000.
The store has generated over $50,000 of average SDE for six months of part-time involvement. The business employs a full-time multi-year manager and three part-timers with the owner pitching in on weekends when he is in town.
The business is being offered for $129,000. Inventory ($40,000 on average) is additional and will be sold at cost. The business is shuttered one-half each year (the lease allows the store to stay all year). The store does not advertise, has no Christmas business, does not drop ship and does not even have a website.
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:
Retirement
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.