Specialty Retail Store

Not Disclosed, FL

East Coast of Florida


Asking Price: Annual Revenue:
$1,950,000 $2,300,439

Retail: Sporting Goods, Recreation


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RE: Specialty Retail Store Broker: Ken Elkin

Quick Facts

Asking Price: $1,950,000
Annual Revenue: $2,300,439
Net Profit: Not Disclosed
Cash Flow: $629,896
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 7
BBN Listing #: 205911185
Broker Reference #: 170-03601

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Business Overview:

SPECIALTY RETAIL STORE. Established Surf/Sportswear store in Florida beach town. Anchor tenant in upscale plaza located on a major road. Significant signage. 15 Year Lease with favorable terms. Loyal Following with its own local Brand. Consistent performance year over year, despite online competition. High Gross Margins. Authorized retailer for all major industry brands. Management staff in place. Lender Pre-Qualified. Priced to Sell! All buyers must be financially qualified and have retail experience. This is a very rare opportunity for a buyer with retail background.

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Property Features and Assets:

Inventory: $200,000 (included in the asking price). Lease/Month: $10,000. Square Footage: 4,800. Building Type: Strip plaza. Terms & Options: 2x5 options. Expiration Date: 10/31/2024. Lender Financing: $1,657,500. Mos: 120. Rate: 7.5%. Mo Pmt: $19,674.82

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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