$300,000 NET Large Retail Store Specializing in Overstock Items!!!

Phoenix, AZ

Seller Financing Available

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Asking Price:$985,000
Gross Revenue:$3,150,000
Rent:$21,000
Established Year:2022
Cash Flow:$300,000
Inventory:$50,000
FF&E:$50,000
BUSINESS DESCRIPTION

Amazing Location and Lease and Operation!!!

If you are looking for a unique opportunity of owning a retail store that specializes in tools, gifts, electronics, toys, clothing and much more at set prices received from over stock and return items received by the pallets from major retailers then look no further. Especially in the time where more and more people are looking for a bargain, this type of retail brings in a ton of traffic. The items sold are at set price on certain days and the profit margins are set as well. The store is located in West Phoenix in a 28,000 sq.ft. at only $21,000 per month with 3 years left and 5 year option. The store also includes $50,000 worth of FF&E and $50,000 worth of inventory which is turned weekly, nothing sits. All sales are tracked by the point of sale system and provable. The owner also employees 4 family members at $1500 a week for each but also has 7 other employees, so if you run it yourself with a few family members then you can add back over $6,000 a week back to the NET profit. If you see the amount of activity and customers and gross income this business earns daily, weekly, and monthly you will be impressed. The seller is also willing to stay on for 3 months compensated after closing to help you with the transition. The owner is also offer amazing seller financing terms with $500,000 down and $485,000 balance for 4 years at 0% interest. Hurry up this will go quick especially with the great seller financing terms and lease and location and uniqueness of the business.


DETAILED INFORMATION
Location
Phoenix, AZ
Inventory
Included in asking price
Real Estate
Leased
Building SF
28,000
Lease Expiration
30/11/2028
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
28000 sq.ft. suite in busy shopping center.
Competition
Not much in surrounding area with this niche retail.
Growth & Expansion
Tons of room for growth with more time and more online marketing.
Financing
$500,000 down and $485,000 balance for 4 years at 0% interest
Support & Training
Up to 3 Months compensated after close of escrow
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Mike
Darmo
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Mike Darmo