47 Y/O Highly Profitable Retail & Service Business
| Asking Price: | $275,000 |
| Gross Revenue: | $540,000 |
| FF&E: | $30,000 |
| Cash Flow: | $125,000 |
| Inventory: | $25,000 |
| Established Year: | 1977 |
LISTING ID # 35650
Highly Profitable Retail & Service business for sale. Price Reduced! Seller due to health concerns. Tremendous profit margins. The business has become a community landmark over the past 47 years. They have built a very large and loyal clientele, both private and corporate, in this affluent N Shore town. They handle wholesale and retail sales with 2 full time employees and 3 part-timers. Cost of Goods is very low and hours of business are very reasonable for retail. OPEN ONLY 6 DAYS/WK. (M-F 9:30am-6pm, Sat. 9:30am-5:30pm, Sun. - CLOSED). They have seen year over year growth since 2019, except for a slight pullback in sales during the pandemic. In the past 12 months, the business grossed approx. $540,000.00 with an owner’s cash flow of approx. $125,000.00. The store is a spacious 3500 sq. ft. with full 3500 sq. ft. basement, fully equipped. The rent is only $5,108/mth and the lease can be extended for a well-qualified buyer. You can sublet the space as well. This is an excellent business that would be perfect for an owner/operator. We are seeking a serious and financially qualified buyer with at least $195K in liquid funds. The ideal buyer would be full-time owner-operator or family, ideally with some background in woodwork or carpentry. The current owner is willing to stay on for a lengthy training and transition period. Proof of funds will be requested before any buyer-seller calls or meetings. All meetings must be made by appointment only! To learn more, please call the broker.
