Asking Price: $99,000 Gross Revenue: $182,000Cash Flow: $54,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $8,000 not included in asking priceFF&E: $20,000 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.
After 40 years serving the shoe repair needs of this affluent Manhattan neighborhood, the owner of this Shoe Repair & Accessory Store is moving back to his home country to retire. Another experienced shoe repair person will immediately understand the golden opportunity he has here. The rent is dirt cheap at $2,060/month for this location. Besides the loyal customers you will inherit, the store comes with all the machines that have dependably performed hard work over a long period of time. With a few more employees, a new owner could change the store to quick service and be even more profitable. Historically, the store has only taken cash. Simply putting in a point of sale system that allows customers to wipe, dip, or tap with every major credit card could also make a positive difference in sales and profits. Please become a premium member at www.vestedbb.com to obtain the address for listing 31672 and then feel free to discreetly visit the location. Kindly do not ask for the owner, nor speak with any of the employees. Please contact the listing broker, Jay Goldman, to make an appointment to meet with owner. Jay can be reached at 1-877-735-5224.
Shoe Repair & Accessory Store on East Side - 31672
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