Seller's Contact Information
- RE: Profitable, Established Specialty Retail Store
- Contact: Ed Settino
Quick Facts
Asking Price: | $495,000 | |
Annual Revenue: | $800,760 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $248,044 | |
Total Debt: | Not Disclosed | |
FF&E: | 175,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 2865381 | |
Broker Reference #: | 222010 |
Business Overview:
This specialty retail store located in an upscale, busy, vibrant downtown area has much to offer! The business offers a wide selection of interior and exterior fixtures. With consistent sales even during the two Covid impacted years, the business has generated $800,000 plus in sales the past year and an average of $250,000 in discretionary earnings in the past two years. This is an exceptional opportunity for an owner/operator or partnership. New owners will be able to market to the substantial detailed database of customer contact information. In addition to providing top quality products, the customers are working with knowledgeable staff and receiving personal attention resulting in repeat business from about 55% of customers and this number keeps growing. Growth opportunities exist to expand this business to seven figures in sales including networking with contractors and designers in the community and expanding marketing efforts. The business is well known in the community and continues to add new customers through referrals. The business including $175,000 of furniture, fixtures, and equipment, displays, fit-ups, supplies, client database, goodwill, transitional training to a new owner and access to industry trade advantages and incentive programs are available for $495,000 plus the value of the inventory and supplies. The offering price for the business and its assets with the real estate is $870,000 plus the value of the inventory and supplies. The value of the inventory and supplies with the associated freight fees is approximately $250,000.
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Reason for Selling:
To pursue other interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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