Retail/Service
Location: Virginia > Hanover County
Industry: Retail Stores > Other Retail Stores
Financials
Asking Price: $400,000
Gross Revenue: $1,100,000
Cash Flow: $117,000
Inventory: $166,000 (Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Business Summary
Products for the home and the installation and service of these products. In same location for 20 years.
Customers come from wide geographic area. Very little advertising - rely on "word of mouth" - but sales for past three years consistently a little over $1 Million.
Think what a little bit of marketing and advertising could do! Quality products, excellent location (reasonable rent), reliable staff and reasonable hours. No evenings or Sundays. Sellers retiring.
Customers come from wide geographic area. Very little advertising - rely on "word of mouth" - but sales for past three years consistently a little over $1 Million.
Think what a little bit of marketing and advertising could do! Quality products, excellent location (reasonable rent), reliable staff and reasonable hours. No evenings or Sundays. Sellers retiring.
About the Business
Year Established: 1988
Employees: 3 full time - 2 part time
Facilities: 8,500 sq. ft. of leased space on major highway. 4,000 dedicated to showroom and 4,500 to warehouse. Current lease is $3,100 per month.
Market Outlook and Competition: Market outlook is good. Some products offered in line with current trend toward "greening" of America. Few competitors. Big box stores do not offer installation and service.
About the Sale
Management Training and Support: Sellers will train for 2-4 weeks. Staff is well trained.
Reason For Selling: Retirement
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