Great Income / Cashflow on the Central Coast of California

San Luis Obispo County, CA
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Asking Price:$850,000
Inventory:$200,000
FF&E:$110,000
Gross Revenue:$2,800,000
EBITDA:$325,000
Established Year:2009
BUSINESS DESCRIPTION

Turnkey Highly Profitable Retail Chain

Established Retail business with locations in San Luis Obispo, Santa Maria and Lompoc (each location about 30 miles apart) Business has been established in the community for over 15 years and has a tremendous consumer following and customer base. For the purpose of this ad, the industry is confidential but the nature of our operations are greatly sheltered from online competition.

The business is not overly complicated to run, and has staff in place to manage daily operations. No particular experience is needed other than having decent head on your shoulders and good common sense. As with many things in life, having a tremendous amount of heart behind your endeavors is generally more powerful than a dozen Harvard graduates behind a desk.

Owner is looking to retire and pass the business down the line. Owner will provide plenty of training and mentorship during a generous transition period.

Tax records are strong and should support SBA loan etc.


DETAILED INFORMATION
Location
San Luis Obispo County, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
20,000
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Multiple vehicles included in the sale including Freight Trucks and Delivery Pickups,
Competition
Business is uniquely positioned and sheltered from most common threats from online competition and has a niche offering that maintains its dominant position in its local market.
Growth & Expansion
Business is scalable to the new owners taste.
Support & Training
Owner will provide ample training and mentorship during a generous transition period.
Reason for Selling
This business has enabled the owner to buy multiple rental properties and owner
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Adam Graves
Adam Graves