Santa Monica Music School & Retail Store 40 Years
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This listing is: Off Market
Background
| BizEx ID: | BizEx594-RD |
|---|---|
| General Location: | Santa Monica, CA |
| Category: |
Miscellaneous Retail Educational Services |
| Years in Business: | 40 |
| Under Present Owner: | 40 |
| Hours of Operation: | Mon - Sat. |
| Owner Hours: | Part-time |
| Training: | 2 weeks @ 20 hours |
| Organization Type: | |
| Lease Expiration: | |
| Lease Options: | |
| Building Size: | 5,000 |
| Employees: | 11 |
| Reason for Sale: | Retiring |
Financials
| Asking Price: | $210,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $1,163,218 |
| Discretionary Cash Flow: | $102,774 |
| FF&E: | |
| Inventory Included? | |
| Inventory: | $200,000 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $15,000 |
| Financing: | Call |
| *July 2012- April 2013 | 2011-2012 | 2010-2011 | |
|---|---|---|---|
| Gross Sales | $ 979,035 | $ 1,163,218 | $ 1,117,726 |
| Gross Profit | $ 420,596 | $ 606,268 | $ 594,082 |
| Disc. Earnings | $ 94,908 | $ 102,774 | $ 76,618 |
