Business for Sale

Famous Sport & Ski Store - Los Angeles

BizEx993-TP

Background

General Location:Santa Monica, CA
Category: Apparel & Accessory Stores
Miscellaneous Retail
Years in Business:60
Under Present Owner:60
Hours of Operation:M-F 10-7, Sat 10-6, Sun 11-5
Owner Hours:Various
Training:2 weeks @ 20 hours
Organization Type:S Corp
Lease Expiration:Seller owned.
Lease Options:Seller owned.
Building Size:5,000
Employees:5
Reason for Sale:Retirement

Financials

Asking Price:$1,000,000
Down Payment:Negotiable
Gross Sales:$934,840
Discretionary Cash Flow:$220,440
FF&E:$50,000
Inventory Included?No
Inventory:$200,000
Min. Operating Capital:
Real Estate Available?No
Rent:$18,000
Financing:Call

2015-16** 2014-15 2013-14
Gross Sales $ 934,840 $ 734,935 $ 715,526
Gross Profit $ 376,344 $ 224,085 $ 242,897
Disc. Earnings $ 220,441 $ 86,821 $ 96,387

Description

Iconic winter sports and sporting goods store now in its 60th year is available in the West Los Angeles area for the right buyer with the vision to broaden the business into a year round enterprise.

Currently, the owner focuses on providing primarily high-end Winter Sports items to a well established and growing list of clientele accustomed to excellent and professional service.

A new owner has the opportunity to expand the business to include Summer Sports, Camping and Recreational Equipment as well. It is important to note that sales revenues reflect business activity only from November to March for primarily Winter Sports products!

The business is well-positioned on a major boulevard with high visibility and plenty of front and side street parking. Excellent local demographics deliver 274k people with average household incomes exceeding $126k in a 3-mile radius. Over 28,000 vehicle travelers per day drive by the retail location.

The Seller also owns the building and would be willing to package a sale for both the business and the building.

For more information, please visit BizEx.net to complete the online Buyer Registration & N.D.A. Contact: Tom Plotkin at 310.882.2200 x 127 - tplotkin@bizex.net - Lic#: 01895229


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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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Tom Plotkin
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 127
Direct: (818) 585-4215
Lic#: 01895229