This listing is: Off Market
Background
| BizEx ID: | BizEx993-TP |
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| General Location: | Santa Monica, CA |
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| Category: |
Apparel & Accessory Stores
Miscellaneous Retail
|
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| Years in Business: | 60 |
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| Under Present Owner: | 60 |
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| Hours of Operation: | M-F 10-7, Sat 10-6, Sun 11-5 |
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| Owner Hours: | Various |
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| Training: | 2 weeks @ 20 hours |
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| Organization Type: | S-Corp |
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| Lease Expiration: | Seller owned. |
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| Lease Options: | Seller owned. |
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| Building Size: | 5,000 |
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| Employees: | 5 |
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| Reason for Sale: | Retirement |
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Financials
| Asking Price: | $495,000 |
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| Down Payment: | $495,000 |
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| Gross Sales: | $1,066,622 |
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| Discretionary Cash Flow: | $228,152 |
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| FF&E: | $50,000 |
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| Inventory Included? | No |
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| Inventory: | $128,806 |
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| Min. Operating Capital: | $30,000 |
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| Real Estate Available? | Yes |
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| Rent: | $12,000 |
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| Financing: | Call |
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|
7/2016-6/2017 | 7/2015-6/2016 | 7/2014-6/2015 |
| Gross Sales |
$ 1,066,622 | $ 934,840 | $ 734,935 |
| Gross Profit |
$ 442,662 | $ 372,744 | $ 224,085 |
| Disc. Earnings |
$ 228,152 | $ 216,841 | $ 86,821 |
