Two Profitable Coastal NC Sears Hometown Dealer Store and OXI-Fresh Carpet Cleaning Locations
NCListing DetailsOffice ID: SEARS1
Status: ON HOLD
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $275,000
Gross Revenue: $607,304
Cash Flow: $102,743
FF&E Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will participate in SBA Seller financing.
Absentee Owner: Yes
Reason for Sale:True Retirement
Training:Seller will provide up to 80 hours of transition support at no additional cost.
OperationsYear Established: 2009
Form of Ownership: S Corp
Employees (full-time): 2
Employees (part-time): 15
Business Hours: M-Sat 9-7 Sun 12-6
Business Description:These two Sears Hometown Stores are located in coastal NC within a reasonable drive from one another covering the entire area. Sears Hometown Stores are not owned by Sears. Rather, they are licensees and represent Sears products for sale in markets that cannot support an "A store" or full line store. All inventory is owned by Sears corporate with no flooring, interest or other costs. Sears manages the inventory and provides all point of sale and electronic systems needed to operate the business. The licensee is paid a commission upon all sales. This opportunity also includes two territory locations for the new Oxi Fresh carpet cleaning franchise valued at approximately $100,000 in addition to the listed FF&E. Additional details will be provide upon request.
Owner Qualifications:Owner should possess general business administration skills including accounting/finance, human resources, management and marketing.
Competition:Main competition is Lowe's hardware stores.
Potential Growth:Potential to expand into Jacksonville, NC after the main line store closes. This transaction includes two Oxi Clean carpet cleaning franchise pilot stores. Cost is $300 per month and $12 per cleaning per store location. Franchisor will provide cleaning equipment. Start up costs as stated by franchisor is ~$39,000 - $67,000.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Facilities:Both locations are approximately 11,000 square feet with ~25% being stockroom and office. Both are located on high traffic streets and have adequate parking and outdoor lighting.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current As Of: May 21, 2016 / 2:34 PM