NCListing DetailsStatus: Sold
Listing Broker: TBD
Listing Price: $99,000
Gross Revenue: $148,174
Cash Flow: $13,000
Inventory Included: Yes
FF&E Included: Yes
Financing/Terms:Some owner financing may be available.
Reason for Sale:Family Responsibilities--needs more time with children.
Training:Will provide appropriate training and support as negotiated.
OperationsYear Established: 1993
Last Acquired: 2004
Form of Ownership: S Corp
Employees (full-time): 4
Business Hours: 930-7 M-th / 930-800 Fri-Sat / closed Sunday
Business Description:This nice sized party store is truly a turn key opportunity. Fully stocked, and in a strong location, the owner has cultivated corporate and university clients as well as walk in and party business.
Historical Summary:Acquired in late 2004, the business has grown steadily. The immediate area is experiencing fast growth as well.
Owner Qualifications:This business is perfect for someone who is motivated to open their own local business, but who doesn't want to start from scratch, as this is truly turnkey. Make money from day one.
Competition:Very little competition. The nearest competitor is miles away and the local clientele is very loyal.
Potential Growth:Potential for growth is substantial. The website is currently minimal and many of the items sold in the store could also be sold on the web. There are many more corporate clients in the area who could be cultivated as well.
LocationReal Estate for Sale: Yes
Monthly Rent: $2,480
Square Footage: 2400
Facilities:2400 sf;store, office and storage space. Located in a strip center with Harris Teeter, Blockbuster, Starbucks and more.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM