20 year old Retail Adult Novelties Store
Virginia Beach, VA
| Asking Price: | $158,900 |
| Gross Revenue: | $322,487 |
| Rent: | $3,600 |
| Established Year: | 2005 |
| Cash Flow: | $88,979 |
| Inventory: | $100,000 |
| FF&E: | $30,000 |
Listing ID: 2246889Listing provided by BizBuySell
BUSINESS DESCRIPTION
This 20 year old and profitable retail novelties and entertainment shop has been successful in the location for several decades. This business is currently being run semi-absentee with a manager and other staff in place . They offer adult videos, toys, lingerie and more, but there is still room for growth by adding additional products, doing advertising and growing other sales channels. The location is well-known on a busy street with lots of shopping in the area.
DETAILED INFORMATION
Location
Virginia Beach, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,000
Lease Expiration
22/06/2025
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Over 7,000 sq ft on major rd in the area with great signage.
Competition
There are other similar stores but very few with similar products
Growth & Expansion
Better INTERNET presences and advertising, update website, expand drop ship business, more time then money to increase sales.
Financing
TBD
Support & Training
2 weeks
Reason for Selling
Retirement
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