Listing No: BBF-966-55196  
   
Category :  Retail Miscellaneous SIC :  5331  
Detail :  Retail Specialties Price :  1,495,000  
County :  South West Florida Down :  1,495,000  
State/Prov :  Florida Disc Earn :  581,611  
Country :  USA Sales :  1,654,944  

Well established specialty retail store in highly desirable downtown historical district with abundant daily foot traffic. The business comprises of a 5000+ square foot retail store, managed and operated by two managers on a daily basis who alternate seven days per week utilizing thirteen total retail floor staff. The managers and staff are in place seven days a week to operate the business, allowing for current owners to be absentee with minimal hours spent This unique retail business has excellent future growth potential based on significant local population growth & a substantial increase in tourist traffic in the local area. Annual 2023 revenues of $1,654,944.00 and Seller Discretionary Earnings for 2023 of $581,611.00. Fixtures Fittings & Equipment of $40,000 and $200,000 of inventory included in the sale price.


Documents on File :  Equipment List:  Y     Lease: Y    Corp Resolution: N
  :  Cash Flow: N     Balance Sheet:  N
  :  Standard Agreement: N     Signature on File: Y
Showing Remarks :  ESTABLISHED RETAIL STORE- PRIME LOCATION - ABSENTEE OWNER - $581,611 SDE

Reason for Sale :  Retirement
General Location :  South West Florida
Organization Type :  Corp 'C'     Hours Owner Works: 5
  : Years Established: 20  Years Owned:  20  Emp FT:  2  Emp PT:  13  Mgrs:  2
Non Compete :  Miles:  125  Years:  3  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  Monday through Sunday - 9.00am to 6.00pm
Skills/Licenses :  Local Municipal License
Business :  Is Relocatable: Y    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Qualify For Visa: Y

Data Source P/L Statement P/L Statement P/L Statement  
Year (Cash Flow) 2023 (N) 2022 (N) 2021 (N)  
Gross Revenue 1,654,944 1,710,333 1,617,040  
Cost of Goods 647,846 780,463 744,780  
Gross Profit 1,007,098 929,870 872,260  
Expenses 609,262 624,767 560,374  
Net 397,836 305,103 311,886  
Owner Salary 132,971 138,379 116,332  
Benefits 0 0 0  
Interest Expense 0 38 4  
Depreciation 34,848 38,016 39,799  
Other 15,956 16,605 13,959  
Discretionary Earnings 581,611 498,141 481,980  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 200,000 Y* ___________ 0 N*
F F & E 40,000 Y* Total Assets 240,000 Y*
Leasehold 0 N*
*Included?  

Lease/Month: 8150 Square Footage: 5000 Building Type: Main Street
Terms & Options: Negotiable Expiration Date: 6/30/2029

Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Other - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  

EDWARD BELL Office :  (855) 969-3534  
ASSOCIATE Fax :    
  Home :    
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (941) 667-1616  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  [email protected]  
USA Home Page :  sunbeltofflorida.com