NOT DISCLOSED, Montana
| Asking Price |
$425,000 |
Year Established |
2022 |
|
| Annual Revenue |
$656,478 |
Reason for Selling |
Owners moving on to a new venture |
|
| Annual P/L |
$0 |
Attention |
Mike Lee |
|
| Annual Cash Flow |
$146,215 |
Listing Number |
1016432 |
|
| # of Employees |
2 |
Business Category |
Retail: Florists, Gifts, Cards, Books |
|
Business Overview:
Confidential opportunity to acquire the only bookstore serving a year-round mountain resort community in Montana, with no bookstore within about an hour. The store is profitable, growing, and fully systematized, with documented procedures and a roughly three-week ramp for a new bookseller, and it holds the strongest retail position on a walking Main Street. Trailing-twelve-month revenue is $656,478 with seller's discretionary earnings of $146,215, a gross margin near 49 percent, and no debt. It runs with two working owners plus one full-time and one part-time employee and about 8,000 curated titles, roughly 98 percent of the books returnable to publishers for credit. A curated backlist of 250 proven titles, each selling more than 15 copies a year, transfers already identified. Beyond the numbers, the store is a welcoming anchor in its community and a new owner inherits that goodwill. Asking price is $425,000 for the business, plus inventory at documented cost of about $70,000, all cash for the business. The owners also own the real estate, available separately for lease or purchase. Growth is left in online sales, author events, institutional accounts and email marketing. Two to four weeks of training provided. NDA required before identifying detail is shared.
Property Features and Assets:
<p>About 1,700 square feet of ground-floor Main Street retail, leased at $3,000 per month. Furniture, fixtures and equipment carry a fair market value in place of $50,000 and include purpose-built store fixtures made specifically for bookselling, plus the point-of-sale and inventory system and two front-of-house computers. Saleable inventory of about $70,000 at documented cost is purchased separately at closing. Roughly 98 percent of book inventory is returnable to publishers for credit. <br></p>
Market Competition and Expansion:
<p>The only bookstore serving its market, with the nearest alternatives about an hour away in a larger city. National online retail is the general competition; the store competes on curation, discovery and community, and the category has been growing. Online sales, author events, institutional accounts and email marketing are each near zero today, so each is a growth lever a new owner inherits. <br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity