UNDER CONTRACT. See my other Antique Mall AD#2043397, RETIRING, $$$ CF
| Asking Price: | $148,000 |
| Gross Revenue: | $448,810 |
| Rent: | $6,700 |
| Established Year: | 2009 |
| Cash Flow: | $75,000 |
| Inventory: | $3,000 |
| FF&E: | $40,000 |
This Antique Mall for sale has several sources of income & 4 profit centers for the existing owner. The new owner can slow it down or crank it up to make even more money. Here are the 4 profit centers:
1. Current owner collects booth rent from about 60 dealers/vendors an average of $250/month every month. The nice thing is that seller has a work credit arrangement with about 15 of the dealers. So, for prearranged & scheduled hours that vendors work the floor, they get credit towards their rent. But they cover the whole antique mall not just their booth. They can work their own booth anytime without any compensation. Sweet & simple.
2. Seller gets 10% commission from all dealers’ sales and dealers pay additional 3% Credit card processing fee. All the sales are finalized at the front counter with the store POS system which keeps track of every sale.
3. Third source of revenue is from consignment sales which is split 50/50. Clients bring their merchandise on a consignment & when the item sells, shop gets 50% of the proceeds.
4. The seller has set a side roughly a 1,000 SF of the mall space for their personal items and they collect 100% of the sales proceeds. You can continue this part or simply lease out the space to other dealers/vendors and collect rent & 10% commission & 3% credit card processing fee.
Remember, the seller knew nothing about the antiques business when he bought the business a few years ago & he has grown the sales a lot. His spouse has health issues now & he is forced to sell & retire to take care of her. He has made a good living from this business and you can too.
There is no shortage of dealers who want to rent space/booth & set up shop here. Currently the owner works 20 to 30 hours in the business each week. There are always 2 attendants working the floor on weekdays. On busy weekends & holidays, many times 3 attendants work the floor.
We are looking for a good fit in a potential buyer. I have giving you a lot of details about the business. So, if you want this business, please complete the attached buyer forms & email them back to BusinessBrokersAtlanta@gmail.com. Feel free to reach out to me via, email, text or call with any questions. My private cell phone number is 404-405-4069.
