Profile: Reduced! Car Stereo Store In Costa Mesa; Busy Store W/Hi Net; Great Location.
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Ad/Listing Information
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Contact Information |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$129,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$572,393 |
| Annual Adjusted Net: |
$216,718 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
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Description:
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Established In 2002, This Store Has Been A Thriving Car Audio Shop Since Its Inception And Is Located On A Primary Boulevard In Costa Mesa, California. Its Signage And Store Stands Out Exceedingly Well And There Are Major Car Dealerships And Other Major Businesses Nearby On The Same Street. The Price Has Been Reduced From 280,000 To 159,000 To Accelerate The Sale As One Of The Partners Needs To Relocate. The Seller Has Indicated That The Price Will Go Back Up If A Sale Does Not Close Before January 1, 2009. The Sale Includes 35,000 In Inventory And 23,000 In Furniture, Fixtures & Equipment. The Owners Will Train And Consult After The Purchase. The Present Owners Had Previously Owned The Store And In The Summer Of 2008, Bought It Back From The Party Who Purchased It From Them In December, 2006. Since They Have Taken Back The Store, The Income Has Steadily Been Increasing. The Adjusted Net Profit Has Been Annualized From The Months Of May Through September 2008. Those Are The First 6 Months Since The Owners Have Been Operating The Store Again. The Lease Is Good And The Store Is Being Operated By A Small Staff That Is Generating Significant Income. The Expenses Used To Derive An Annualized Adjusted Net Income Does Not Include Salary For A Manager As It Is Assumed That The New Owner Will Be Managing The Store. The Lease Security Deposit Is Not Included In The Sale. We Invite You To Visit Us At www.silverbirdge.us.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Jim Gallaher, Broker at 714-776-5400 |
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