Video Game destination shop with all things related. This is wonderful business opportunity located in Lycoming County Pennsylvania. They have a wide selection of games to choose from including all of the required equipment. The company has a 2021 gross income of $469,505 and a net yearly income of $110,387. This shop specializes in new and used products in the video game market including consoles, games, and accessories. They have items ranging from brand new to vintage. Other items offered include customized controllers, handhelds, vinyl decals, plush toys, video game themed board games, strategy guides, and blu-rays.
This is a dependable and safe business purchase opportunity, based on the asking price, which includes owner financing, this business expects to supply a consistent return on investment to the owner operator.
- Asking Price:
- $199,900 Furniture / Fixtures included
- Sales Revenue:
- $469,505
- Cash Flow:
- $100,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms, the business transaction will offer an assignable commercial lease which expires 2023-01-01, plus additional options available, with a monthly rent of $2,500, cost per square foot is estimated at $27,00 and rent security of approximately $3,800.
- Leasehold Rent:
-
$25,000 per annum
- Lease Rent:
- $27 per sq ft per annum
- Location:
-
This business facility which consist of approximately 1,200 square feet have a modern and attractive appearance. The business is in a convenient commercial mall with many other active businesses. This opportunity is in Eastern Pennsylvania, Lycoming County, which consists of highly populated communities with continued demand for these games and products.
- Premises Details:
-
For Qualifications purposes, this business opportunity and industry does not require
government licensing approval to purchase or operate other than the standard required municipal licenses.
- Size in square feet:
- 1,400
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the business opportunity can be further expanded by the new operator by instituting a web site, improving the marketing and the required local advertising.
- Competition / Market:
-
Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The purpose of this business transaction is due to the owner relocating out of the state of Pennsylvania and into an alternative industry.
- Trading hours:
-
Days Hours of operation, this popular Game shop business is active seven days per week, with hours from 11:00 am to 8:00 pm.
- Employees:
- Regarding employees and payroll, this company consist of three employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $3,500.
- Years established:
- 2012
Other Information
- Support & training:
-
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
seller / bank financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $55,000 - included in the asking price
- Inventory / Stock value:
- $50,000
