Adjusted Net Income: $176,819
Inventory Included in Price: $150,000
This highly-profitable, established business provides flexibility to the owner and has a lot of up-side potential!
The business specializes in retail sales of high-end paint, paint supplies and window coverings.
The business is located in a trendy neighborhood and offers its customers a personalized shopping experience. Due to the high quality of the product lines and the business' second-to-none reputation for customer service, the business has been able to maintain high profit margins.
The business was established in 2008 by the current owner, who has reluctantly decided to sell the business due to relocation. The business has not been significantly impacted by the economic downturn of the past few years, and has had stable revenue over the past 5+ years.
The store is open seven days a week. The owner, however, spends 25 - 30 hours per week at the store and relies on three experienced full-time employees in day-to-day operations. The employees are well-compensated for the industry and are capable of running the business in the owner's absence.
The equipment of the business consists of typical retail store fixtures, computers and specialty software, as well as paint tinting equipment. The store was recently renovated and will not need major leasehold improvements in the foreseeable future. There is a favorable lease in place that guarantees the rental rate until 2023.
There are no special licenses or skills needed to operate the business. The seller has agreed to assist the incoming buyer with up to two months of training at no extra cost, to accommodate a smooth transition, and will also be available for consultations afterwards.
Up to $100,000 of seller financing is available to a qualified buyer.