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3 Franchise Paint Stores-Milwaukee and Suburbs
| Asking Price: | $499,900 | Inventory: | $501,350 ++ |
| Gross Revenue: | $2,850,000 | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $252,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Outstanding opportunity for entrepreneur to acquire 3 busy name brand/ high profile paint stores in the Milwaukee area. Owner is selling off 3 stores for less than inventory cost., NO GOODWILL. Owner is out of country and 100% absentee. Buyer needs to be take on management role and reduce need for current management structure to save $$$. Each store has 4 employees. One store lease expiring October 2010 is 20K per month should be moved to another location saving new buyer 144K per year alone! Current owner is not target marketing, providing leadership, or negotiating with large purchase orders. Paint manufacturer wants to keep 3 stores in area and will assist with possible lease subsidies, advertising, paint discounts and more. This is an unusual opportunity which will not be on the market for long.
About the Business
Year Established:1999
Employees:4 full time -
Franchise:Yes
Facilities:Store #1 9000SF 5 years/5 option 9200.00 Store #2 5500SF 2 years/5 option 8600.00 Store #3 7500SF expires 10/10 20,000.00 (needs to be relocated)
Market Outlook and Competition:Preferred paint in the industry
About the Sale
Management Training and Support:Corporate training
Reason For Selling:Seller out of country, running stores absentee
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State: Wisconsin
Last Viewed: Video/Electronics Store and Strip Mall
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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