6501-13161 Rent to Own Retail Business

Undisclosed Address, Oklahoma
Business Opportunity for Sale
Catylist Listing ID: 30131151
Property Subtypes: Home and Office Furniture
Building Size (RSF): See Agent
Sale Price: $475,000
Year Business Established: 1994
Gross Revenue: $454,462 (Annual)
Cash Flow: $301,213 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

This operation is the perfect opportunity for any interested buyer to make their way into the Rent-to-Own industry. This business provides home furnishings and consumer merchandise to consumers and businesses with no credit needed and multiple payment options. It is a rent to own concept. It is being sold because the owner has other business interests. The sale price includes all inventories on hand. The current owner will train and transition the business. This could be a high profit business for the right person. Located in a smaller town in South Central Oklahoma this independent rent-to-own store sells and rents furniture, appliances and electronics. Many consumers have an immediate need for household goods and either don't want or won't accept long term obligations, or have no access to credit.

Additional Details

Industry Segment: Home Furniture Retailing
Reason for Selling: Current owner has other business interests.
Value of Inventory Included ($): $25,000
Value of Furniture, Fixtures, and Equipment ($): $8,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Business is operated in a stand alone building of approximately 3500 square feet on a major thoroughfare at a busy corner with a stop light. There is ample parking, signage and great drive by traffic. There is ample space to maintain the current level of inventory and then some. Rent is $2,300 per month with 3 years left on the lease.
Employee/Labor Description: 2 FT/1 PT. Monday-Saturaday 9am-6pm.
Mgmt/Training Support Description: Will train for 2 weeks @ no cost. There are no special licenses required to own and operate this business.
Competition/Market Description: Rent-to-own was born in the 1970's and has become a viable consumer option as it has grown into an $8.5 billion industry. This is a great opportunity to purchase a profitable growing business in a growing industry at a great price. In addition, this business has been associated with furniture and appliances in this market for over 20 years, and is a recognizable and trusted name within the community.
Growth/Expansion Opportunities: The business is growing and has been profitable every year. As his customer base was growing in the early years of the business, the owner was required to spend heavily on rental inventory. Now that the growth rate has settled into a more sustainable rate, he is not required to purchase as much rental inventory on an annual basis, growing the profitability of the business. The opportunity for the business is great as the current owner has done little to no advertising.

Demographic Statistics

Proximity: 5 miles
Total Population: 1,999
Median Age: 43.76
Households: 794

Contact

Photograph of Listing Agent

David Hamm

Murphy Business & Financial Corporation
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