Active
Unique retail childrens store in excellent high foot traffic location
Category | : | Retail Miscellaneous | SIC | : | 5331 | |
Detail | : | Retail Variety Store | Price | : | 295,000 | |
County | : | Sarasota | Down | : | 295,000 | |
State/Prov | : | Florida | Disc Earn | : | 82,703 | |
Country | : | USA | Sales | : | 642,979 |
Unique turnkey opportunity to purchase a well established boutique retail store that focuses on children's wear, toys & accessories. Located in an excellent high traffic location in a downtown area of a bustling South West Florida city. This retail store opened in 2002 & is busy throughout the year with the peak season being during the South West Florida tourist season from October through April due to prime location in a well renowned tourist area. Excellent opportunity for growth potential utilizing incremental marketing via online or social media presence. The business operates seven days a week and maintains a full staff of eight part time employees. Current 2200 Square foot location is leased. Includes inventory of approximately $70,000. E2 visa eligible.
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Reason for Sale | : | Retirement |
General Location | : | South West Florida |
Organization Type | : | Corp 'Sub S' Hours Owner Works: 35 |
: | Years Established: 21 Years Owned: 21 Emp FT: 1 Emp PT: 8 Mgrs: 0 | |
Non Compete | : | Miles: 125 Years: 3 Weeks Training: 4 Cost: $0 |
Operating dys/hrs | : | Monday to Saturday (10.00am-5.00pm) Sunday (12.00pm-4.00pm) |
Skills/Licenses | : | Local Municipality Business 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) | 2022 (N) | 2021 (N) | 2020 (N) | |
Gross Revenue | 642,979 | 622,036 | 451,770 | |
Cost of Goods | 469,903 | 428,406 | 297,254 | |
Gross Profit | 173,076 | 193,630 | 154,516 | |
Expenses | 123,541 | 117,659 | 110,404 | |
Net | 49,535 | 75,971 | 44,112 | |
Owner Salary | 28,152 | 26,928 | 25,296 | |
Benefits | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation | 0 | 0 | 915 | |
Other | 5,016 | 2,246 | 5,835 | |
Discretionary Earnings | 82,703 | 105,145 | 76,158 |
Accounts Rec | 0 | N* | Real Estate | 0 | N* |
Inventory | 70,000 | Y* | ___________ | 0 | N* |
F F & E | 16,000 | Y* | Total Assets | 96,000 | Y* |
Leasehold | 0 | N* | |||
*Included? |
Lease/Month: 4356 | Square Footage: 2200 | Building Type: Commercial Strip |
Terms & Options: Negotiable | Expiration Date: 12/31/2024 |
EDWARD BELL | Office | : | (941) 667-1616 | |
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 |
Listed By: Edward Bell
Background information
Reference:
53297
Finance
Sales:
$642,949
Profits:
$87,949
Profit type:
Discretionary Earnings
Price and terms
Price:
$295,000
Down payment:
$295,000