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 protected] | ||
USA | Home Page | : | sunbeltofflorida.com |