Retail stores for sale! An established retail enterprise with three thriving locations is presently on the market for purchase. This family-operated business has been in operation for close to a century and is considered a staple of Tarrant County. The enterprise specializes in the sale of high-end vacuum units and offers repair services. Each establishment is strategically situated in close proximity to affluent neighborhoods and enjoys high visibility from main roadways. The business caters predominantly to middle to upper-class individuals and families, typically between 45-70 years of age and of Caucasian descent. Moreover, the company services various corporate accounts, with few rivals in its niche market. Customers value the exceptional quality of products as well as outstanding customer service, leading to consistent year-over-year sales growth, even thriving during the COVID-19 pandemic. Additionally, with each location situated near ongoing commercial and residential developments, there is substantial potential for further expansion. However, for the business to achieve the next level of success, it must continue to grow its online retail presence to synergize its storefront locations with shifting trends toward online retail. The current owner plays a minimal role in the business, choosing to come in during the mornings to oversee operations and interact with customers. Overall, this is an exceptional opportunity for a qualified buyer, ideal for a tech-savvy individual who can help grow the online store or a potential owner-operator with a sales background to increase revenue while reducing staffing costs.
- Asking Price:
- $1,499,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,608,271
- Cash Flow:
- $301,154
Property Information
- Real Estate:
-
Lease
- Location:
-
Three well-established locations, each strategically located near wealthy residential areas throughout Tarrant County. Each location has the benefit of high visibility from the main roadways, and ease of access.
- Size in square feet:
- 3,436 SF
Business Operation
- Expansion Potential:
-
Growth will happen organically as the local area continues to develop and boom in population. However, to reach the next level and maximize its future potential, proactively marketing the online store will help this business expand to a wider customer base and synergize its storefront locations with the growing online marketplaces.
- Competition / Market:
-
Very few competitors exist within this niche. This business competes with big box retail stores through excellent customer service, reliability, quality products, and by having a well-established reputation among the local community.
- Reasons for selling:
-
Other Opportunities
- Employees:
- 9FT
- Years established:
- 1937
Other Information
- Support & training:
-
The owner will provide ample training to ensure a smooth transition.
- Financing available:
-
100% at the time of closing or 25% Cash Down with SBA Financing for Qualified Buyers.
- Furniture / Fixtures value:
- $150,000 - included in the asking price
- Inventory / Stock value:
- $300,000 - included in the asking price
