Business For Sale

Business Overview:

This is the deal of a lifetime. If you enjoy retail and meeting people, and you want to stop living off your savings, 401k, IRA, SEP-IRA, etc., then you need to be the first person who can write a check for $200,000 from your retirement account(s). You can do this without a penalty and obtain all the tax advantages of permanently deferring your profits. The current owners are the original owners from 30 years ago. They sold the business and the owner sold it back to them. The gross sales that the former owner reported to the IRS were as follows: 2008 - $927,709; 2009 - $887,737; 2010 - $810,392. For a $200,000 investment you receive a guaranteed $100,000 of inventory at cost. So you are buying the business for just $100,000 and can earn $150,000 in your first 12 months. If you are one of the millions of unemployed people, just run the numbers. You cannot find a better hands-on opportunity in today's market. You will need to sign a Confidentiality Agreement and prove that you have the liquid funds.

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.

Property Features and Assets:

3,000 sq. ft. of which 2,000 is retail, 400 are 2 offices and the balance is service, bathroom and storage. Lease is triple net at $7,000/mo. The only add ons are increases in maintenance, insurance and property taxes. There are 2 sub-tenants paying a total of $2,375/mo. So net rent is only $4,625 in prime location. Term can be 3 years with a 3 year option. Initial rent does not escalate for 3 years.

Market Competition and Expansion:

Competition: While there is significant competition, the owners have said that if the store is run properly, a new owner can net $150,000+. Growth/Expansion: There are tremendous opportunities that the owners will share with the right buyer.

Reason for Selling:

Family needs in other states.

Additional Details: