Asking Price: $175,000 Gross Revenue: $180,000Cash Flow: $31,696EBITDA: $31,373Inventory: $112,183 included in asking priceFF&E: $5,000 included in asking priceShare 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.
California Imports Too is a specialty clothing store focused on swimwear, resort wear, indoor tanning and hand airbrush spray tanning all the while providing a personalized fitting service for all clients. The company is operated as an LLC and has had growing sales since its purchase in December of 2014. The company operates in a leased store front in Painesville Township on the border of Mentor, Ohio. It is located on the main thoroughfare of Route 20, 1935 Mentor Ave.
About the Business
Number of Employees:
Building Sq. Ft.:
The leased space consists of 4400 sq. feet which holds 8 indoor tanning bed units, a separate area for performing hand airbrush spray tans, a specialized fitting room that will allow 5 persons to be fitted at once and retail space for merchandise approximately 2500 sq. feet.
Swimwear bought online and major department stores are usually a ‘bad fit’ leading to buyer dissatisfaction. California Imports Too specializes in the proper fit and most clients are so pleased that they keep their old suits for casual, private use while wearing California Imports Too suits for “public”, visible occasions. Marketing, branding and public image is geared to address the fit and function of the everyday Midwestern person. Our staff is trained to prevent this from occurring when possible.
Growth & Expansion:
The average median income of Lake and Geauga counties ties regularly with the top three in the state. The average median income of clients is above average and they have the income to spend on a high-quality piece. California Imports Too will continue to grow sales with increasing the men and children lines available along with footwear and possible active wear. These expanded lines alone will generate more sales and revenue for the company.
California Imports Too is currently in one location with an in-house operating manager and multiple fit-specialist trained staff. The operating manager has over 15 years of high end retail experience and loves what she does at California Imports Too; she is a vital asset to ensure productivity, proper training and high sales volume.
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