$100,000.00
Asking Price
Address: Redding,
Status: Active
Posting ID: 275842
11/6/23
Description
Price Reduced! This audio retail store for sale in Redding is immaculate with a chill vibe.This business may qualify under E2 Investor Visa. The store opened in 2016 and was profitable from day 1. Its virtually the exclusive seller of many of its prime products and has a loyal, appreciative customer base. High-end car stereos are the main feature of this specialty retail store. But there's much more: marine and home audio, video games, consoles, and accessories, automotive LED lighting, off-road lights and accessories, movies, music, records, lava lamps, knives, comics, coins & silver, and still more. The store is an authorized dealer for great brands like Kicker, JBL, Infinity, Pioneer, Kenwood, and JVC.
The store hours are noon to 6:00 PM, 7 days per week. For the right person, this business will provide a good income, allow for a great lifestyle, and also provide growth potential. The location is close to a busy intersection and fronts a heavily trafficked thoroughfare. The store is readily visible with excellent signage. The leasehold is 2,500 sq. ft at a reasonable gross lease rate. The landlord is willing to extend the lease to the approved buyer of the business.
Furniture, fixtures, and equipment valued at $25,000 and inventory (at cost) of approximately $50,000 are included in the price of the business at $100,000. The owner intends to move from the area and pursue other interests. Separately and available to the purchaser of the business outside escrow are: 1) a 2003 Ford truck with a 15' box van used in street advertising at $10,000, and 2) a 2015 BMW I3 car equipped with demo sound system used in sales at $20,000.
The seller's discretionary earnings are $94,818 out of the gross sales of $473,390 for 2021.
Are you interested in this exciting specialty retail opportunity? While this is a semi-confidential listing - please do not disturb the staff or the business - they are continuing to make the business run smoothly and successfully. Registration with NDA is required in order to receive further financial and other details.
To get more information about this Audio Retail Store - Near Busy Intersection business for sale in Redding please phone Gerald Bendix (Broker - BRE License #:01472068) at 530-917-6600 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #275842 on BizBen.com. In addition to phoning Gerald Bendix, make sure you email Gerald Bendix above to get more info about this Audio Retail Store - Near Busy Intersection, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01472068. Gerald Bendix, Broker.
Contact
Details
Asking Price: $100,000.00
Down: $100,000.00
Cash Flow: $94,818.00
Revenue: $473,390.00
Area: Redding
City: Redding
Attributes:
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