Request More Information Contact the Seller
- RE: Highly Profitable Specialty Retailer
- Contact: Karin Neumann
Quick Facts
Asking Price: | $1,600,000 | |
Annual Revenue: | $2,350,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $500,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $92,500 | |
Real Estate: | Not Disclosed | |
Year Established: | 2000 | |
Employees: | 25 | |
BBN Listing #: | 981744 | |
Broker Reference #: | 1492-2122A |
Business Overview:
This well-known Specialty Activity, General Beach Merchandise and Décor Company is located in Ocean City, one of the Mid-Atlantic’s most highly visited and desirable vacation destinations in the United States. The firm enjoys significant operating margins and documented profitability, and sees significant repeat business from clients seeking exceptional customer service and an extensive selection of curated goods.
The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 4.2x EBITDA (ttm). A full valuation report is included and there is $100,000 in Net Working Capital plus another $92,500 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain more than $225,000 benefit in after-acquisition-debt cash flow in Year #1 – over 70% return on equity investment.
A comfortable transition period will be provided by the owner who truly wants to seethe business continue to flourish. Seller will consider a mid-term consulting agreement thereafter.A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
(ALL DATA BASED ON SIGNED TAX RETURNS)
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
This business currently operates from a 5,800 square feet owned retail location with offices and warehouse space (available under separatepurchase).
Market Competition and Expansion:
The company, with over 40 years in business, has a rich history in its community with a loyal multi-generational client base and knowledgeable workforce led by an experienced management team. The Company enjoys a strong competitive advantage in the service area by offering uniquely individualized customer experiences in contrast to on-line retailers. The Company has a solid foundation and is poised for accelerated growth based on tourism and increased home ownership in the region.
It is projected that a new owner will obtain additional growth by expanding the on-line andmail order business with direct sales efforts and a minimal investment of $50,000. The company projects incremental revenues of $200,000 - $300,000 per year with comparable margins.
Reason for Selling:
Retirement (consulting available)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 Maryland businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information