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- RE: Large Retail Store Overstock & Returns
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $985,000 | |
| Annual Revenue: | $3,150,000 | |
| Net Profit: | $300,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2022 | |
| Employees: | 11 | |
| BBN Listing #: | 953169 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
If you are looking for a unique opportunity of owning a retail store that specializes in tools, gifts, electronics, toys, clothing and much more at set prices received from over stock and return items received by the pallets from major retailers then look no further. Especially in the time where more and more people are looking for a bargain, this type of retail brings in a ton of traffic. The items sold are at set price on certain days and the profit margins are set as well. The store is located in West Phoenix in a 28,000 square feet at only $21,000 per month with 3 years left and 5 year option. The store also includes $50,000 worth of FF&E and $50,000 worth of inventory which is turned weekly, nothing sits. All sales are tracked by the point of sale system and provable. The owner also employees 4 family members at $1500 a week for each but also has 7 other employees, so if you run it yourself with a few family members then you can add back over $6,000 a week back to the NET profit. If you see the amount of activity and customers and gross income this business earns daily, weekly, and monthly you will be impressed. The seller is also willing to stay on for 3 months compensated after closing to help you with the transition. The owner is also offer amazing seller financing terms with $500,000 down and $485,000 balance for 4 years at 0% interest. Hurry up this will go quick especially with the great seller financing terms and lease and location and uniqueness of the business.
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Property Features and Assets:
28,000 square feet suite in busy shopping center.
Market Competition and Expansion:
Not much in surrounding area with this niche retail. Tons of room for growth with more time and more online marketing.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Arizona businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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