Party Supplies Mega Store in Miami

Not Disclosed, FL
Miami Dade County


Asking Price: Annual Revenue:
$3,500,000 $1,459,765

Retail: General Merchandise - Retail


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RE: Party Supplies Mega Store in Miami Broker: FERNANDO MELLO
Owner Financing is Available!
Loan/Assumable - Amount: $700,000; Months: 60; Rate: 6.00% Monthly Payment: $13,532.96

Quick Facts

Asking Price: $3,500,000
Annual Revenue: $1,459,765
Net Profit: Not Disclosed
Cash Flow: $424,840
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 6
BBN Listing #: 9031630
Broker Reference #: 2201998007

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Business Overview:

This long-established store is the go-to place for everything related to parties. With more than 6,000 items in 15,000 Square Feet of store floor, this impressive retailer has become the dominant player in its area, with steady growth in sales despite virtually no marketing efforts for several years. After 25 years the owner wants to retire. Lots of potential upsides and low-hanging expansion possibilities like extended hours, opening on Sundays, website, online sales, social networks, etc. 56% growth in Net Earnings in 2020, during COVID. This is a unique opportunity for an owner-operator or investor, willing to make a solid entry or expand into this booming industry. The seller will facilitate the transition for two months at no cost. Please refer to listing number 2201998007, business broker Fernando Mello when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $12,055; Square Footage: 15,000; Building Type: A/C Warehouse; Expiration Date: 8/31/2023.

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 5

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.

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