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 auto repair all of which represents approximately 60% 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 40% 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 Fondren.
- Asking Price:
- $595,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $891,000
- Cash Flow:
- $320,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Gross rent is $8,934 p/m expiring 5/30/25 with two 5 year options with a 10% rent increase..
- Lease Rent:
- $107,208 per sq ft per annum
- Location:
-
Southwest Houston Fondren area
- Premises Details:
-
Retail store with large display room and shop area for installation of auto accessories, tires, & wheels.
Business Operation
- Reasons for selling:
-
Pursuing real estate investments
- Trading hours:
-
( AM to 6 PM Monday to Saturday
- Employees:
- 4
- 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. $208,250 Down Payment, and Seller Note for $386,750 5 years @ 6% = $7,476.96.
- Furniture / Fixtures value:
- $75,000 - included in the asking price
- Inventory / Stock value:
- $183,000 - included in the asking price
