NCListing DetailsOffice ID: RETAIL4
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $244,000
Gross Revenue: $823,000
Cash Flow: $119,000
Inventory Included: No
FF&E Included: No
Sale Price: $265,350
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: No
Financing/Terms:The excellent financial history of this store has earned a pre-approval for a SBA guaranteed loan.
Reason for Sale:Owner must retire to care for spouse
Training:Franchisor will provide training and Seller will provide up to 30 days of transition support. There is an experienced assistant manager in place who is fully capable of operating the business
OperationsEmployees (full-time): 3
Business Hours: Mon-Sat 10a-6pm, Sun 1-5p
Business Description:Under the same ownership since inception, this consistently profitable franchisee is among the Top 5 annually awarded by the franchisor. The owner and staff, who are all long-term employees, produce an efficient and effective operation that takes the time to be congenial and instructive to over 2,500 distinct customers. Products range from the basics to the high-tech, costing from a few dollars to hundreds of dollars. Many items are repetitive purchases so customers come in often. The very profitable spring season is coming so now is the time for a new owner to prosper from it!
Historical Summary:Since opening in 1996, this retail store has flourished in its niche, continuously profitable and award winning among its peers. The owner had no prior experience in this product niche nor even in the retail trade before opening this franchise location.
Owner Qualifications:Basic people and financial skills combined with a desire to succeed
Competition:Several retailers carry some of the same products sold here but no other store combines such a deep product selection tailored for the season with knowledgeable employees within easy access of the upscale customer base. It is easy for customers to differentiate this store from competitors.
Potential Growth:Slightly expanded store hours offer an opportunity for increased sales. Remodeling the existing storage area into retail space would also increase sales. A second, third, fourth or even more stores is a distinct possibility because of the success of this unit and the low number of existing franchisees in this upscale region. A totally untapped revenue stream is add-on services to go with the products being sold.
LocationOption: The landlord is willing to renew lease
Monthly Rent: $5,600
Square Footage: 2228
This franchisee is located in one of North Carolina’s favorite places to live since opening in 1996. Customers have easy access to both the store and parking. The area is fully populated by a wide range of traffic building retailers. The store itself provides an excellent retail display area along with a private office and storage space.
Last Updated: Nov 13, 2015 / 3:16 PM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM