Asking Price: $1,500,000 Gross Revenue: $7,143,056Cash Flow: $589,062 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,500,000 not included in asking priceFF&E: $462,600 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 a highly successful retail chain selling niche and specialty products. The sale includes nine retail locations across the Puget Sound area. The business is not a franchise. The business is well-run and well-managed, allowing two of the owners to be completely absentee while the third owner oversees the business while living out of State. Each store is managed by a store manager. In addition to the store managers, there is also a general manager and assistant buyer. After 30 years of running the business, the owners are ready to retire. This is a rare opportunity to acquire a highly successful specialty retail chain and grow it to the next level.
About the Business
Number of Employees:
19 FT, 60 PT
Each of the nine locations are strategically located with excellent leases in place. The sale includes all nine stores + a delivery truck that moves inventory between stores. Inventory levels fluctuate throughout the year. Current inventory level is around $1.5 million, which is in addition to the asking price.
This specialty retail chain has a very loyal and almost fanatic customer base that wants to collect the latest items carried by this chain. Approximately 72% of the customers are repeat customers. This customer base craves the in-store experience. As a result, this retail chain has been affected very little by Amazon or the growth of online shopping.
Growth & Expansion:
The owners have done a great job building a solid chain of stores. As a result, revenues have been growing year after year. At retirement age, the owners are looking to pass the baton to the right person who can continue the vision and take this chain to the next level.
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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
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