Established small dept store

Asking Price$275,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$510,000

Inventory$232,500
Included in asking price
FF&E$12,000
Included in asking price
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Established small dept store


Asking Price$275,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$510,000

Inventory$232,500
Included in asking price
FF&E$12,000
Included in asking price
Business Description
Coulee Wall Variety Store is a well-established general department store located in Grand Coulee Washington. This is the only department store available in the area and sits 60 to 75 miles from any similar stores. The store draws customers from many small towns nearby with a population base of around 6,000 people and during the summer tourists from all over the world come in to see the Grand Coulee Dam. Among regular visitors, the store has become a must-see destination.
The store currently boasts an inventory of 20,000+ items, so it meets almost everyone's needs. The local clientele is friendly and rewarding to serve.
The store building sits between a Safeway store and the only Hardware store in the area, so drive-by business is generated every day.
The landlord is wonderful to work with and maintains the building perfectly.

About the Business
Years in Operation
7
Employees
4 (1 Full-time, 3 Part-time)
Facilities & Assets
Business is currently in a rented 5000 sq. ft. building with excellent heating and AC. Retail space includes Lozier gondola shelving. Also included is a 36 camera Lorax security system. The POS system used is ShopKeep/Lightspeed S-Series which provides POS and inventory control features.
Market Outlook / Competition
This store is the only general department store available to residents and tourists for 60 to 75 miles. The Grand Coulee area is a tourist attraction from April to September and a year-round fishing destination.
Opportunities for Growth
We currently offer generalized offerings, but it would be possible to expand into more high-end sporting goods and boots.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
5,000
Rent
$2,175.00 per month
Lease Expiration
5/1/2029
About the Sale
Seller Motivation
Owners are retiring and moving closer to family
Transition Support
Owners would provide side-by-side training for up to 30 days. The business relies heavily on custom Excel spreadsheets for backstocking and inventory control functions, so the buyer would need to become familiar with these operations. Support for the custom Excel spreadsheets could be arranged separately.
Listing Info
ID
2490280
Listing Views
Business Location

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Business Listed by: Doug Lockard

Listing ID: 2490280 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. See our full Terms of Use. Learn how to avoid scams.


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