Bicycle Shop - Prime Santa Monica location
Home
/ Listing / Bicycle Shop - Prime Santa Monica location
Sold
Background
| BizEx ID: | BizEx1017-EM |
|---|
| 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 |
Eric Mellem
Business Broker/ M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 1220802
