Shoe Wholesale IMMEDIATE LIQUIDATION
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Background
| BizEx ID: | BizEx335-SM |
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| General Location: | Downtown Los Angeles, CA |
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| Category: |
Durable Goods
Apparel & Accessory Stores
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| Years in Business: | 59 |
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| Under Present Owner: | 30 |
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| Hours of Operation: | 7:30am - 2:30 pm |
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| Owner Hours: | 7:30 am - 2:30 pm |
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| Training: | 12 weeks @ 20 hours |
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| Organization Type: | |
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| Lease Expiration: | 12/31/2012 |
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| Lease Options: | 2 - 12 month extensions |
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| Building Size: | 2,390 |
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| Employees: | 0 |
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| Reason for Sale: | Retirement |
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Financials
| Asking Price: | $40,000 |
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| Down Payment: | Negotiable |
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| Gross Sales: | Call |
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| Discretionary Cash Flow: | $9,511 |
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| FF&E: | $3,000 |
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| Inventory Included? | |
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| Inventory: | $160,000 |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $1,900 |
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| Financing: | Call |
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|
2010 | 2009 | 2008 |
| Gross Sales |
$ 57,647 | $ 92,006 | $ 110,796 |
| Gross Profit |
$ 38,059 | $ 51,747 | $ 70,247 |
| Disc. Earnings |
$ 9,511 | $ 22,566 | $ 53,175 |
