This is a very profitable specialty retail operation that has become a destination and...  Read More

This is a very profitable specialty retail operation that has become a destination and internet source for high demand product lines. Sales for 2013 were $6,700,000 with 10% of the sales from the internet with the balance coming from in-store sales. The new web site is being developed, and the owners expect to increase internet sales by 10% to 15%. The nature of this business is highly seasonal. The cash flow (SDE) to an owner/operator is $1,185,000 as pulled from actual 2013 tax returns. The year-to-date for 2014 is showing a 10.5% increase in sales as compared to the same period last year.
Located on the Gulf Coast this business serves in-store customers coming from Panama City, Florida to the Texas coast. The facility is located on 5 acres in a 20,000 square foot building. The showroom is 14,000 sf and it has a large air-condition warehouse that extends the available display area. The real estate is included in the purchase price, and we have a new appraisal showing the value of $2,100,000. Also included in the purchase price is inventory valued at $1,650,000 at cost.
This business has been conditionally pre-approved for SBA lending with 20% down for an acceptable buyer. If the SBA loan is approved a new buyer could net $675,000 after all expenses and debt service or $56,250 a month, this is only an estimate.
This is a fun business and offers exciting personal and event participation opportunities for a new owner/operator. The business has excellent name recognition and a large, loyal customer base. Retirement is the reason for the sale after 30-years under the same ownership.
This is a confidential listing, and a confidentiality agreement and personal financial statement will be required before any information can be disclosed. This Gulf Coast area is a popular tourist and resort area and a great place to live and work. Contact Lanier Chew at dlc@sunbeltbroker.com for more information.  Read Less