Thriving resale/retail storefront specializing in gently used and overstock merchandise. With a new 7,000-square-foot location and robust sales projections, we are seeking investment to either facilitate a change in ownership structure or to sell the business outright. Our goal is to leverage the existing business momentum and strategic plans to drive future growth and profitability.
- Asking Price:
- $250K - $500K Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $960,000
- Cash Flow:
- Under $50K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
5 year lease started April of 2024.
- Leasehold Rent:
-
$156,000 per annum
- Location:
-
High traffic (20,000+ cars per day) retail location.
- Premises Details:
-
7000 sq ft leased building. Newly remodeled interior with access to 2 restrooms.
- Size in square feet:
- 7,000
Business Operation
- Expansion Potential:
-
The total building size is 10,000 sq ft, with 3,000 being rented by a beauty supply distributor. The additional 3,000 square feet could potentially be rented when their lease ends.
- Competition / Market:
-
There is no direct competition or store with the same business model in Bend. Big-box retailers and thrift stores are the only competitors.
- Reasons for selling:
-
We are selling due to a lack of operating income to sustain and expand operations effectively. Additionally, the one owner who is currently working at the store full-time has had life changes that require him to obtain full-time employment elsewhere.
- Trading hours:
-
Monday - Friday 10-6
Saturday 9-5
Sunday 10-5
- Employees:
- 3
- Years established:
- 1.5
Other Information
- Support & training:
-
Support and training available by current owners if needed.
- Furniture / Fixtures value:
- $100,000 - included in the asking price
- Inventory / Stock value:
- $138,000 - included in the asking price
- Distressed:
- This business is a turnaround opportunity.
