Unique opportunity with extremely high-profit margins and has been deemed an essential business. The 2020 financials were a record year. The company has 2 aspects, hotel liquidating and then the resale of used furniture and all types of decor. The liquidation aspect is typically the clearing out of all the rooms in hotels, motels, and timeshare locations. Often there is no cost, of very low cost for the items. The products are then brought to his 4 locations and sold. Buyers of the products are typically other smaller hotels and time-share units but also has walk-in customers that just purchase a couple of items. This could be a great opportunity to either create a franchise or licensing agreement to take it nationally. Please refer to listing 3353-512600, Agent Joe Nicolini when inquiring about this listing. Thank you!
- Asking Price:
- $2,350,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,856,310
- Cash Flow:
- $843,351
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Terms & Options: open Expiration Date: 12/31/2022
- Leasehold Rent:
-
$34,000 per annum
- Location:
-
Building Type: mixed
- Premises Details:
-
Owned and established for 9 years
- Size in square feet:
- 49,300
Business Operation
- Expansion Potential:
-
Endless growth opportunity by reaching out to other hotel and time-share companies as well as expanding out of state
- Competition / Market:
-
Competitive Overview: There is no other company doing this type of liquidation in Florida
Non Compete: Miles: 250 Years: 5
- Reasons for selling:
-
Other Ventures
- Trading hours:
-
Tues - Sat 10-6 and Sun and Mon 12-5
- Employees:
- 12
- Years established:
- 9
Other Information
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Other: 2,015,360 @ 6% for 10 years = $22,374.63 per month
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $200,000 - included in the asking price
