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Asking Price$49,995
Revenue$250,000 Established2015
Cash Flow$73,000 Employees2 full-time
FF&E$40,000* FranchiseNo
Inventory$50,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great Opportunity to own a Specialty Retail Store with an established client base located in a busy shopping center. There is substantial foot traffic around this location. The store is part of a successful, home-grown, locally owned, multiple location specialty retail business with a strong brand name in the area. Although steady growth has occurred since this location opened, marketing could easily be ramped up to double or triple revenue. Also, the clientele which has an average demographic age of 35 years old is faithful and continue to come back as repeat customers. Relatively low rent and low-cost help make the revenue growth and cash flow potential that much more promising. In addition, sales within this industry continue to climb every year nationally and this area is no exception! With systems in place this could easily become an absentee owner situation with only a few hours a week required to keep everything running smoothly. Of course, the new owner could also choose to work the store and have a ton of fun working in a laid back and hip atmosphere. Holidays are right around the corner where this store generates at least half of its annual revenue, so there is no better time to buy than now! Owner will train and some owner financing may be available so don’t let this opportunity pass you by!
Facilities:The 1200 sq ft space is leased for approx. $1700/mo. There is adequate lease term remaining with a reasonable landlord that would be happy to provide additional term and options. The store itself has road visibility as it sits on a corner spot within a high traffic shopping center. The store was built new in 2015 and shows well. There is room for growth as they is plenty of storage space and a private office.
Competition:Moderate competition in the local market from big box retailers and a well-known competitor in the industry but many customers will skip those places and give their business to this locally owned, independent business due to the high level of expertise and customer experience.
Growth Potential:There is significant growth expected for this location which should be as strong or stronger then one of the other company stores in a similar market. The location of this strategically placed location is in a strong, emerging market within a rapidly growing area of Martinsburg where the faithful, loyal clientele keep coming back as repeat customers and will continue to do so as long as the prices stay fair and the customer service experience isn’t altered.
Training/Support:Seller will provide necessary training and support.
Seller Financing:Available depending on the final purchase price, terms and qualifications of the buyer.
Sale Reason:Downsizing due to distance from other locations.
Ad #87786
Seller Reference #HZ267DZ
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Horizon Business Brokers, LLC
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