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:$495,000
Down Payment:$495,000
Gross Sales:$1,066,622
Discretionary Cash Flow:$228,152
FF&E:$50,000
Inventory Included?No
Inventory:$128,806
Min. Operating Capital:$30,000
Real Estate Available?Yes
Rent:$12,000
Financing:Call

7/2016-6/2017 7/2015-6/2016 7/2014-6/2015
Gross Sales $ 1,066,622 $ 934,840 $ 734,935
Gross Profit $ 442,662 $ 372,744 $ 224,085
Disc. Earnings $ 228,152 $ 216,841 $ 86,821

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