37535-Retail European Antiques, Property Included!

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Asking Price:
$597,000

Gross Revenue:
$232,000
Cash Flow:
$64,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$61,000
included in asking price

FF&E:
$8,000
included in asking price

Real Estate:
$400,000
included in asking price

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Business Description

All-inclusive life-style business with nearly 40% revenue increase and bountiful European connections! This retail operation specializes in importing unique European antiques such as furniture, decorative accessories, art, garden and architectural salvage. Located in Southeast Texas with a high traffic location, the 9,000-square foot facility is valued around $400,000 and included in the sale. It features a storefront, showroom, storage and work spaces. The attached two-bedroom apartment with separate entrance would be beneficial for an out of town buyer. In addition, the company leases space to other boutique shops within the store to generate additional revenue and to ensure new arrivals in inventory weekly. With its range of exquisite products, marketing efforts target individuals, interior designers and commercial enterprises within Southeast Texas and Southwest Louisiana. While 2017 saw $166,000 revenues, 2018 total revenues were $232,000 with Seller’s Discretionary Earnings of $64,000 rounded. There are still several avenues for growth available. Some examples include online sales, attending antique fairs, auctions, or becoming a certified appraiser. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its’ reputation with existing ones. Contact IAG today for more information on this “antique shop!”

About the Business

Location:
Texas
Year Established:
2004
Number of Employees:
1
Real Estate:
Owned
Building Sq. Ft.:
9,000
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About the Sale

Reason For Selling:
Approaching retirement
Seller Financing:
Negotiable for the right buyer

Listing Info

ID:
1576438
Ad Detail Views:
0

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