1027-12838 Retail Apparel- Western, Work and Outdoor Wear with Real E...

Undisclosed Address, Florida
Business Opportunity for Sale
Catylist Listing ID: 30042203
Property Subtypes: Clothing and Fashion
Building Size (RSF): See Agent
Sale Price: $1,245,000
Year Business Established: 2002
Gross Revenue: $907,860 (Annual)
Cash Flow: $370,209 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

Retail Apparel business for sale near Jacksonville Florida specializing in Western, Work & Outdoor-wear in a 10,000 square foot showroom. Additional indoor and outdoor space allows for massive growth potential. Real Estate and $200,000 of Inventory is included in sale price. The property may also be leased. Qualified buyers only.

Additional Details

Industry Segment: Clothing and Footwear Retailing
Reason for Selling: Family Reasons.
Value of Inventory Included ($): $200,000
Value of Furniture, Fixtures, and Equipment ($): $27,500
Real Estate Status: Real Property
Value of Real Estate Included ($): $695,000
Real Estate Lease Description: The store takes up 10,000 square feet of a 17,000 square foot building. The remaining 7,000 square feet is unused and could be utilized to grow the business. The building sits on 2.47 acres along a major highway. There is ample parking and a fenced-in area which can be used to sell and display additional products.
Employee/Labor Description: 3 FT/2 PT. Mon-Fri 10am-6pm; Sat 9am-4pm.
Mgmt/Training Support Description: Will train for 2 weeks @ no cost. Prior retail business management experience would be helpful.
Competition/Market Description: Similar stores exist in Northeast Florida but are not in close proximity.
Growth/Expansion Opportunities: Currently, only 10,000 square feet of the 17,000 square feet are being used to generate sales. Patrons have requested sporting equipment and more outdoor equipment be sold. There has also been requests for feed and farm supply. The covered space will easily allow for this. Outside the facility is a large fenced lot that can hold and display larger items for sale. Unused space can also be equipped to handle an online store. No online sales are currently being used and could greatly increase sales and quickly turn over slower moving merchandise.
Seller Financing Description: $634K Down/ $55K for 48 mos. @ 7%/ Other Financing.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,688 16,183
Median Age: 51.31 44.56
Households: 2,735 6,282
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