Mattress, Furniture Store, OC, $100k Net Income
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Background
| BizEx ID: | BizEx1221-DM |
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| General Location: | Orange, CA |
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| Category: |
Retail
Furniture
|
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| Years in Business: | 6 |
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| Under Present Owner: | 6 |
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| Hours of Operation: | 7 Days: 10:00am - 6:00pm |
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| Owner Hours: | Varies |
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| Training: | 2 weeks @ 40 hours |
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| Organization Type: | LLC |
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| Lease Expiration: | 2020 +5yr |
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| Lease Options: | 5yr |
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| Building Size: | 1835 |
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| Employees: | 1 |
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| Reason for Sale: | Moving out of state |
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Financials
| Asking Price: | $89,000 |
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| Down Payment: | Negotiable |
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| Gross Sales: | $225,000 |
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| Discretionary Cash Flow: | $100,000 |
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| FF&E: | $3,000 |
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| Inventory Included? | Yes |
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| Inventory: | $20,000 |
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| Min. Operating Capital: | TBD |
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| Real Estate Available? | No |
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| Rent: | $2,650 |
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|
2018 YTD | 2017 | 2016 |
| Gross Sales |
$ 200,000 | $ 195,000 | $ 195,000 |
| Gross Profit |
$ | $ | $ |
| Disc. Earnings |
$ 100,000 | $ 92,000 | $ 86,000 |
Don Mellem
Business Broker / M&A Advisor
4640 Admiralty Way, Suite 500
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
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802
