Specialty Retail Store with E-Commerce Component in South San Francisco Bay Area.

Title: Long established Specialty Retail Store with ecommerce component in SF Bay Area.
Asking Price: $499,000 2015 Revenues: $750,000 2015 Adjusted Cash Flow: $188,000
Following items are included in the purchase price: (approximate)
FF & E: $10,000 Inventory: $59,000 AR: $45,000 AP: $25,000
(Industry: Specialty Retail Store)

This company was established about 23 years ago and has been under the current ownership for the past 7 years. Owner is relocating out of state and wishes to sell the business. This company sells products used by businesses and home owners every day. They carry a large variety of these products and are a one stop shop when looking for them. They have the expertise to help the customer find the correct replacement item or a new and improved version. They sell to individual customers, owners of high-end homes, hotels and other commercial establishments, as well as to contractors. They are also a top rated seller on Amazon and eBay and sell through several of their own websites. This company has done consistent business over the years and has steady, repeat customers. They are located in Santa Clara County in the same high-visibility, centralized location since their inception.

This opportunity would be ideal for an individual with a sales background and good customer service skills. The Owner has the store very well organized and uses a sophisticated inventory management system that simplifies the daily operations. The specific product expertise can be picked up over time as the current owner had no experience in this type of business when he purchased it. This opportunity could also be a great addition for another company in a similar business located in another part of the state or out of state.

The store is open from 9AM to 5PM Monday thru Friday and 10AM to 5PM on Saturday. Business has one full time employee that has worked with the business for a very long time. Business also has another part-time employee. Owner works in the business full time.

The offering includes all equipment free and clear of all liens and also includes approximately $59,000 in Inventory and approximately $45,000 in Accounts Receivable and buyer’s assumption of approximately $25,000 in Accounts Payable (Net $79,000 value). Hence the asking price for the business excluding these items is only $420K. This is very attractively priced.

SBA loan is possible for a well-qualified individual with good credit, relevant background, and 25% down payment.

They are currently housed in a 2,000 SF leased retail facility with the monthly lease payment of $4,217 and NNN of approximately $1,054. The current lease is expiring in the fall of 2016 but landlord is willing to sign a long term lease on comparable terms.

Seller is willing to sign a non-compete agreement and will support the buyer with training and transition.

Owner is relocating out of state and hence wants to sell the business.

Posted May 4, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.