Profitable Hobby Store With Real Estate

Ottawa County, MI

Seller Financing Available

Profitable Hobby Store with Real Estate
Asking Price:$1,282,000
Gross Revenue:$1,100,000
FF&E:$40,000
Established Year:1974
Cash Flow:$175,500
Inventory:$300,000
Real Estate:$799,000
BUSINESS DESCRIPTION

This store has been a popular destination for hobby enthusiasts since the 1970's!

The business is a leading retailer and full-service dealer of a top-selling line of radio-controlled "RC" cars, trucks, airplanes, and boats. It also carries an extensive line of goods for model cars and trains, boxed board games, collectible cards and comics, and art supplies. In addition to sales, the store also offers service to repair any damaged toys.

Busy times of the year are spring as well as the Christmas season. The store is fully staffed with long-term employees who work in both sales and service. There is one full-time store manager and five part time people who work flexible hours. Saturdays and Sundays are the top selling days of the week.

Located along a major artery, the store occupies about 6,900 sf freestanding building constructed in 2010. This part of town is rapidly expanding and the store is well-positioned to take advantage of that growth. The real estate is for sale and is included in the asking price. The store has been located in various parts of town over the years and this current location has proven to be highly advantageous for continued success. The real estate has been well-maintained and offers on-site parking and ADA accessibility.

The seller purchased the business from the founders in 1980 and after decades of success is now pursuing retirement. The seller is willing to train.

Please contact the listing agent today to request an NDA in order to receive more information about the business. Thinking of working with a lender? We can refer you to lenders who have indicated their willingness to work with qualified buyers at the full list price for the store and real estate. The price of the store and real estate does not include the cost of inventory, which is additional.

Showings are by appointment only, so contact us today! Buyer to verify all information.


DETAILED INFORMATION
Location
Ottawa County, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Attractive well-maintained freestanding building on 0.642 acres. Located on a major artery with high traffic counts. The building features a retail showroom, private office, repair shop, and large gaming area for group board games or to fly model airplanes and play with RC cars and trucks. Plenty of on-site parking on paved lot.
Competition
This business is the leading dealer of a popular brand of RC trucks, cars, boats, and planes.
Growth & Expansion
The buyer could expand the website to include online sales or add new locations to the brand.
Financing
A land contract for the real estate is negotiable to a qualified buyer.
Support & Training
Seller is willing to train buyer. Seller is willing to consider an ongoing consulting agreement.
Reason for Selling
Seller is pursuing retirement.
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Kathy
DeVries
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Kathy DeVries