Specialty Retail Store-Island Location
Location: Massachusetts
Industry: Retail Stores > Other Retail Stores
Financials
Asking Price: $275,000
Gross Revenue: $829,278
Cash Flow: $108,621
Inventory: $100,000 (Included in Asking Price)
FF&E: $20,000 (Included in Asking Price)
Business Summary
Well known island retailer with unique products whose customers are visitors and upscale residents. It is the only retail source for its products on-island and has several exclusive distributorships and trademarks. The Company's revenue and cash flow has shown steady annual growth.
About the Business
Employees: 3 full time -
Facilities: Very desirable location in the heart of upscale main street location. The retail space occupies approximately 1800 sq. ft. with a large inventory and office area. All furniture, shelving, and fixtures are included in the asking price. A 3 bedroom apartment on the 3rd floor of this building is currently available for rent at $2200/mo.
Market Outlook and Competition: Only retail seller of this type product on the island. Well known name with several trademarks. Competition comes from catalogs and internet sales.
About the Sale
Management Training and Support: 4 weeks or as needed for smooth transition.
Reason For Selling: Relocation.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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