Profitable Independent Video Store For Sale

Business description

A popular independent video store company is selling one of its locations in Middlesex County. In business for 14 years, the store has built up a base of loyal and repeat clientele by carrying the newest films as well as hard-to-find titles not available at chain stores. The owner has operated for the last 20 years as a mostly absentee owner, and a full-time working owner would generate additional yearly income. This is a fantastic opportunity for an owner/operator with an interest in film, who can net $80,000-90,000 per year in income. The store has become a popular local fixture through its exceptional customer service and large selection of unique and hard-to-find videos. The location attracts local working professionals and students, many of whom have an artistic or indie background. The store has a unique look and feel. Year established: 1993 Employees: 4-5, including 2 managers and several part-time staffers. Most of the staff has been with the company for several years.

Property information

Real Estate:

Lease

Lease terms:

The location has a favorable, long-term lease in place.

Location:

Middlesex County

Premises details:

2,400 square foot retail showroom. The location has a favorable, long-term lease in place.

Other information

Expansion potential:

To net additional income, the store should be expanded with additional selections, including games. There is a large demand for video games, such as for Nintendo Xbox or Wii, and adding game rentals should increase revenue. Additionally, most video stores that are highly successful have a large adult video selection. Currently, the store has very few adult films. A wider selection of candy and snacks can also be added.

Competition / Market:

While large chains such as Blockbuster are suffering, local businesses that cater to their clients with competitive prices and unique video selections are thriving.

Support & training:

The seller will assist the buyer with training and support.

Reasons for selling:

The owner needs to focus on his other career.

Financing available:

The seller will assist the buyer with training and support.