Asking Price: $99,000 Gross Revenue: $195,421Cash Flow: $56,064 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $37,949 not included in asking priceFF&E: $10,258 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This is an opportunity to take over a turnkey business in one of the growing retail/resale segments, consignment sporting goods, clothing and accessories. With kids constantly growing it is a challenge for families to keep up. Offering a wide variety of new and gently used sports gear, this business provides customers quality service and selection at a considerable savings. The store has now entered its 5th year of business and is a destination for sporting families around Puget Sound.
About the Business
Number of Employees:
The store is situated on the street level of a mixed use building. Located on a main retail street with lots of foot and vehicle traffic, there is on street parking in front of the store and within a half a block or so. The store is 1237 sq ft of retail space and 225 sq ft of storage/staging area. The well organized space displays the used clothing, gear and accessories as well as an inventory of new shoes, bikes and accessories for ease of shopping. There is a 3 year lease lease at $3033/month including triple nets and a 3% annual increase in rent.
The nearest competition to the store is over eight miles away. The resale industry has consistently demonstrated strong growth on average 7% a year. The store has exceeded the national average with 10% increase in sales per year. According to Dunn & Bradstreet, resale sales generate $17 billion annual revenues. 15% of Americans shop at resale store each year compared to 11% at outlet malls, 20% in apparel stores and approximately 21% at major department stores.
Growth & Expansion:
The 10% growth can be boosted with a strong emphasis in marketing, social media, expanding the online store and creating more business alliances with retail sporting good stores shedding old stock.
Will train for 2 weeks @ $0 cost. The store carries a range of major brands, sizes and styles. In addition to used items in great condition, the store has new popular shoes, accessories and electric bikes. Knowledge of retail operations, brands, pricing, basic computer and accounting skills, management and customer service would be advantageous in running this business.
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