Video Rental & Sales Store Established 15 Years For Sale

Business description

SellingStores presents this 15 year old video store. Located in a High Traffic Area in a large shopping center anchored by a supermarket. The center is located on the corner of a very busy major intersection in central Orange County. Video rentals tend to rise during tough economic times. Look at NetFlix® recent success. This video store competes well in a market full of online streaming videos because of the discounted rental prices at $1.75 per day. Included in the sale is a customer database of nearly 13,000 registered members who can rent/purchase a wide range of dvd’s, vhs tapes, adult dvd’s and a variety of video games. This is a turn-key operation. The seller has integrated and will train you in the operation of the computerized rental tracking system along with their video rental storage identification. This seller’s are selling just the assets along with the business name and leasehold interest and improvements. The asking price is priced below the seller’s cost for inventory. What a great deal during these tough economic times. The seller’s cost to purchase the inventory is valued at $85,690.00. The seller estimates the retail value for the inventory at $157,000.00. You can see that you are purchasing a business for less than the actual cost the seller paid for the inventory alone. Here’s a chance to buy a 15 year established video store for less then the inventory cost the seller. This is a family owned and operated store. A few of the family members will be glad to work for the new owner. The seller is very motivated and must sell because of health reasons.

Property information

Real Estate:

Lease

Lease terms:

Expires October 31, 2009 (New lease will be negotiated with Landlord)

Other information

Reasons for selling:

Health Issue

Trading hours:

Monday-Friday: 12p-9:30p Saturday-Sunday: 11a-9:30p

Inventory / Stock value:

$157,000 (included in the asking price)