Business for Sale

Mattress Retail Store in OC, $10,000 Net Income

BizEx1221-DM

Background

General Location:Orange, CA
Category: Retail
Furniture
Years in Business:6
Under Present Owner:6
Hours of Operation:7 Days: 10:00am - 6:00pm
Owner Hours:Varies
Training:2 weeks @ 40 hours
Organization Type:LLC
Lease Expiration:2020 +5yr
Lease Options:5yr
Building Size:1835
Employees:1
Reason for Sale:Moving out of state

Financials

Asking Price:$89,000
Down Payment:Negotiable
Gross Sales:$225,000
Discretionary Cash Flow:$100,000
FF&E:$3,000
Inventory Included?Yes
Inventory:$20,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$2,650

2018 YTD 2017 2016
Gross Sales $ 200,000 $ 195,000 $ 195,000
Gross Profit $ $ $
Disc. Earnings $ 100,000 $ 92,000 $ 86,000

Description

Well-established mattress and furniture retail store in Orange County, CA

The showroom is clean and well-lighted retail space in a refurbished busy shopping center with plenty of parking. High Income area.

Specializing not only in Mattresses but also Dining Room, Living Room, Bedroom furniture, Home Accents and Office furniture. Their current market range is Orange, Riverside and L.A. Counties. Most of their customers are referrals and repeat business. Inventory is quickly turned over.

Excellent Growth Opportunity. The current owners do very little marketing, are in a high income are and are located in a high-visibility center on a busy street.

For further information, please complete the "Buyer Registration" at www.bizex.net.  Eric Mellem, Business Broker, (310) 293-6414, emellem@bizex.net.  Don Mellem, Business Broker, (949) 842-8154, dmellem@bizex.net.


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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.

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Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922




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