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Est. Profitable, Absentee Owner Rc Park & Retail For Sale

Forsyth County, North Carolina, US
Asking Price:
$325,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$733,436
Cash Flow:
$135,620

Excellent opportunity to buy an established, profitable business, operating with an absentee owner. As one of the few such businesses in the area, the company has built a reputation for excellent customer service and maintaining a diverse inventory to meet the needs of a wide range of customers. Negligible capital requirements and point-of-sale purchases (i.e., no receivables to worry about) add to the company's appeal. The business thrived during the pandemic and has performed steadily since, proving that current revenue levels are sustainable.

The financials shown are for a full-time owner-operator

Property Information

Real Estate:

Lease

Premises Details:

The company operates out of a nearly 4,000 sf space in an enclosed shopping center, conveniently located off a major thoroughfare. It provides ample space for sales, an RC park, and inventory.

Business Operation

Expansion Potential:

Seller is considering adding ride-on-top cars, mini bikes, and/or airsoft guns that he believes can generate $200-$300k in additional revenue annually. He further believes that if a new owner spent more time in the store, engaging with and building relationships with customers, loyalty and average revenue per customer would increase.

Competition / Market:

Few hobby retailers exist in and around the Piedmont Triad, and the company has the largest market share in its city. Online retailers are also competitors. However, since these products are indulgences rather than commodities, customers often like to spend time interacting with them and prefer a hands on experience. The business prices products aggressively, making it less vulnerable to online competition.

Reasons for selling:

The owner operates a larger location near his hometown and wants to focus on growing it.

Trading hours:

Monday-Sunday 11am-8pm

Employees:
2 FT/3 PT
Years established:
11

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$32,500 down/32,500 over 120 mos. @ 11%/Other Financing.

Furniture / Fixtures value:
$10,000 - included in the asking price
Inventory / Stock value:
$60,000 - included in the asking price