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Bicycle Shop - Prime Santa Monica location

BizEx1017-EM

Background

General Location:Santa Monica, CA
Category: Retail
Miscellaneous Retail
Years in Business:35
Under Present Owner:35
Hours of Operation:Tuesday - Saturday; 10:00 am - 3:00 pm
Owner Hours:Tuesday - Saturday; 10:00 am - 3:00 pm
Training:2 weeks @ 20 hours
Organization Type:Sole proprietor
Lease Expiration:New 3 - 5 year term
Lease Options:
Building Size:1200
Employees:0
Reason for Sale:Retirement

Financials

Asking Price:$59,000
Down Payment:Negotiable
Gross Sales:$100,000
Discretionary Cash Flow:$30,000
FF&E:$10,000
Inventory Included?Yes
Inventory:$50,000
Min. Operating Capital:
Real Estate Available?No
Rent:$4,200
Financing:Buyer

2016 2015 2014
Gross Sales $ 98,000 $ 122,000 $ 150,000
Gross Profit $ 70,000 $ 90,000 $ 100,000
Disc. Earnings $ 30,000 $ 40,000 $ 50,000

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802