$399K....Kitchen/Cookware Biz $750K sales w/$160K net!

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Kitchen/Cookware Business $750K sales w/$160 net 300% Growth!
Asking Price:
$399,000

Gross Revenue:
$800,000
Cash Flow:
$160,000
EBITDA:
$150,000
Inventory:
$400,000
not included in asking price

FF&E:
$250,000
included in asking price

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Business Description

This extremely cashflow positive 5-year old company is a local market leader in professional grade kitchen and cookware products. Business has 1 seasoned Assistant Manager and 2 FT employees averaging nearly $320 per square foot in sales with very low operating costs per retail standards.
4-year net income has grown from $60K to $160K on average annual sales of over $800K!!! Sales have been entirely driven by local foot traffic and very little traditional advertising. With plans to add ecommerce sales and optimization of social media marketing, the company is in a very strong position to grow 20-30% annually due to the tremendous growth and awareness of gourmet cooking and Food Channel programming! There are also strong opportunities to develop new business ops in neighboring cities and states as well. The business is located in one of the highest retail traffic count intersections in Oklahoma. The low cost of living, minimal competition and existing skilled retail labor force make this retail opportunity very attractive. The owner will provide extensive training and support during the 30 day transition. The business is priced at $399,000($380K current inventory purchase neg)and $250K recent build-out/equipment SBA financing with 10% down for right buyer! Please call or email Jay Shrewder today for more information as this one will be “under contract” soon!

About the Business

Year Established:
2014
Number of Employees:
4
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
2,750
Lease Amount/Mo.:
$7,500.00
Lease Expiration:
11/1/2020
Facilities:
2750 sq ft including $200K of design/build-out in one of the highest traffic count/household income shopping centers in OK
Market Outlook/
Competition:
Only competition over 10 miles away
Growth & Expansion:
Looking to develop an ecommerce website(none to date) and social media marketing program. Growth in this retail space has been huge over last 5 yrs with Food Network programming awareness a key driver!
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About the Sale

Reason For Selling:
Focusing on other business holdings
Training/Support:
Owner will stay on for 30 day transition and seasoned asst manager will stay under new employment contract
Seller Financing:
15%

Listing Info

ID:
1487742
Ad Detail Views:
1560

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Business Listed by

Jay Shrewder

Global Business Brokers LLC

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