BizEx69-KF: Cash and Carry Games

Background:

General Location:San Bernardino, Ca
Category:Services > Amusement & Recreation
Retail > Vending Machines
Years in Business:4.5
Under Present Owner:4.5
Hours of Operation:7 Days/location specific
Owner Hours:3 Days/Week 10-12 Hrs
Training:2 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:N/A
Lease Options:None...
Building Size: sqft
Employees:0 FT; 3 PT

Reason for Sale:
Relocation out of the country

Financials

Asking Price:$700,000
Down Payment:$350,000
Gross Sales:$600,000
Discretionary Cash Flow:$400,000
FF&E:$ 250,000
Inventory Included?Yes
Inventory:$ 20,000
Minimum Operating Capital:$ 50,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 1,300/month
Payroll:$ 5,000/month
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Summary

Business for sale is a Southern California area home based business with terrific cash flow. Update! The owner has just signed a contract that would allow to expand to another 300 locations. I recently spoke to a customer of this business who said that her business has been tripled because of her relationship with this operation. Talk about growth potential! This is an ideal business for the buyer who wants to run a simple all cash business. This business represents an ideal opportunity as family run home based operation. 2009 looked like it was going to be a $250,000 year but because of the new contract it ended up being a $400,000 year. For someone willing to work this business there is plenty more upside to go. This is a very simple to run operation and requires very little technical experience. Some sales experience would be advantageous to maintain and grow the business. The business maintains a small storage unit, but if your garage is big enough you could use that instead. The owner would not be selling if he wasn't returning to his home country with his family. He will consider some seller financing for a strong buyer with additional security on the note. Don't let this one get by you. For more information please go to www.bizex.net and "register". You can also call Kendric at 310-882-2200 ext. 102 for details.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.