Santa Monica Bicycle Shop - Established 35 Years
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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 |
