Sold
Background
| BizEx ID: | BizEx1098-EM |
|---|---|
| General Location: | Redondo Beach, CA |
| Category: |
Retail Apparel & Accessory Stores |
| Years in Business: | 27 |
| Under Present Owner: | 3 |
| Hours of Operation: | 10:00am - 6:00pm, 7 days |
| Owner Hours: | Varies |
| Training: | 2 weeks @ 30 hours |
| Organization Type: | LLC |
| Lease Expiration: | 6/2018 |
| Lease Options: | Buyer to secure new Lease |
| Building Size: | 1,600 |
| Employees: | 7 |
| Reason for Sale: | Moving out of Area |
Financials
| Asking Price: | Accepting Offers |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $420,000 |
| Discretionary Cash Flow: | $30,000 |
| FF&E: | $10,000 |
| Inventory Included? | No |
| Inventory: | $70,000 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $7,430 |
| Payroll: | $4,200 |
| Financing: | Buyer |
| 2017 | 2016 | 2015 | |
|---|---|---|---|
| Gross Sales | $ 416,000 | $ 390,000 | $ 351,000 |
| Gross Profit | $ 170,000 | $ 160,000 | $ 176,000 |
| Disc. Earnings | $ 12,000 | $ 0 | $ 0 |
