Well established retail store specializing in the sale and installation of auto & truck electronic equipment including stereos, speakers & amplifiers. They also sell auto & truck wheels & tires, and do window tenting and minor auto repair all of which which represents approximately 85% of the total business. Home furniture, beds, and mattresses under band names such as Coaster Furniture, Furniture of America, Crown Mark Furniture, and Home Elegance which accounts for approximately 15% of total sales. The facilities include a large show room and installation shop area. The store is located in a busy shopping center with frontage on Murphy Rd.
- Asking Price:
- $426,000 Inventory / Stock included
- Sales Revenue:
- $603,000
- Cash Flow:
- $170,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Gross rent is $5,000 p/m plus triple net charges on a 5 year lease beginning 2-1-2022. with a five year option at $5,500 P/M.
- Lease Rent:
- $60,000 per sq ft per annum
- Location:
-
Southwest Houston
- Premises Details:
-
Gross rent is $5,000 p/m plus triple net charges on a 5 year lease beginning 2-1-2022. with a five year option at $5,500 P/M.
Business Operation
- Reasons for selling:
-
Pursuing real estate investments.
- Employees:
- 5
- Years established:
- 2020
Other Information
- Support & training:
-
As needed
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller financing available. $149,100 Down Payment, and Seller Note for $276,000 5 years @ 6% = $5,353.5 p/m.
- Furniture / Fixtures value:
- $71,000
- Inventory / Stock value:
- $60,000 - included in the asking price
