Profile: 10+ Year Gift Shop By The Beach, Just 350K Down. No Recession Here!
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Hoke Nagahori, Broker
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| Primary Phone: |
310-941-2230 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/9/09 |
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| Date Last Revised: |
11/9/09 |
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| BizBen Ad #: |
144118 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,100,000 |
| Down Payment: |
$350,000 |
| Annual Revenue: |
$1,100,000 |
| Annual Adjusted Net: |
$430,000 |
| Price Range: |
$1 Million to $2 Million |
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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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10+ Year Gift Shop Solid Growth, No Recession Here! Just 350K Down. 10% Growth 2009 Over 2008. 10% Growth 2008 Over 2007. Has The Key Attributes Of A Stellar Business; Easy To Run, Consistent Growth And Barriers To Entry Via Unique Key Location And Exclusive Supply Contracts. Having Captured The Preeminent Location And Offering Popular Key Products On An Exclusive Basis, It Is Clear How This Business Is Rewarded With High Volume And Commands Strong Pricing. In Spite Of The Serious And Remarkable Revenue And Profitability Numbers, This Is One Of The Most Fun Businesses One Can Own. Customers Who Visit This Fun Location Are In High Spirits, They Will Keep Your Spirits High Too! Successful Younger Owner Is Retiring Leaving An Excellent Opportunity For The Next Owner (Maybe You’ll Make Enough To Retire After 10 Years Here Too…). Rent Is 10,000 / Month With 10 Year Lease. Discretionary Income Based Upon Working Owner, 430K Discretionary Income With Semi Absentee Owner Which Is Fully Possible. Includes 150,000 Of Salable Inventory. SBA Financing And Seller Financing Is Possible To A Qualified Buyer With 350,000 Down Payment. The Loan Payments Are Approximately 10,275 Per Month Leaving An Annual Net Cash Flow Of Approximately 307,000 After Debt Service Leaving An Excellent 88% Cash On Cash Annual Return On The Down Payment. This Business Has A Select Business Sales Five Star Rating. High Income, Super Desirable Businesses Like This One Rarely Come On The Market, Contact Us Now.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Hoke Nagahori, Broker at 310-941-2230 Non Disclosure Agreement |
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