Listing ID: 6620

Business Overview

The locations of the two shops are excellent, being situated in the middle of two of the most upscale neighborhoods in the Southeast with enviable demographics. Both lease rates are reasonable and can be extended as desired by the new owner of the shops. One shop is in Fairhope and the other is in Mobile.

This business, established in 2004, consists of two extremely attractive retail shops. The shops carry some of the top brands in America, and the hard-to-obtain product lines are a part of the sale of the business. The business is available only due to the retirement of the owner.

The asking price includes $110,000 in inventory at cost plus all furniture, fixtures, equipment, customer list, websites and the well-known tradename, not to mention the sterling reputation of the business earned over the past decade.

Consider the advantages of investing in this business:
– Trained employees are already in place including a store manager in each location.
– Valuable vendor supply relationships are established, some with exclusivity.
– The locations and products have been market tested and proven.
– The owner is committed to a seamless transition and will thoroughly train a new owner in all aspects of the business.
– The business is fun and exciting to operate and the trips to the merchandise markets are always enjoyable.
– And you’ll be a respected business owner in two of the most desired communities in the region.

This business is being marketed in a confidential manner. A confidentiality agreement and qualifying financial information are required to receive further details. Please contact William Bruce by email form this website to start your investigation of this opportunity.

Financial

  • Asking Price: $245,000
  • Cash Flow: $
  • Gross Revenue: $511,228
  • EBITDA: $
  • FF&E: $30,000
  • Inventory: $110,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Building Square Footage:2,400 Sq Ft
  • Furniture, Fixtures and Equipment:$30,000

Contact Information

Addition Info

The company was founded in N/A, making the business 2020 years old.
The transaction will include inventory valued at $110,000, which is included in the listing price.

Additionally, Furniture, fixtures and equipment valued at $30,000 will be included in the requested price.
The property is leased by the business for $3,400 /Month

3 Things to Consider When Researching companies for sale in Baldwin County - Fairhope, Alabama

Buying a business is one of the biggest decisions you will certainly make in your lifetime. Picking wisely can result in incredible economic advantages for you, your loved ones, as well as your retirement. Nonetheless, in order to make a proper decision, you need to consider numerous points.|In order to make a proper choice, you should take into consideration a number of points.} Below are 3 important things to take into consideration prior to buying a business in Baldwin County - Fairhope, Alabama.

Why is the Current Owner Selling The Business?

{There are all types of reasons people choose to sell operating businesses. Nonetheless, the true reason and the one they say to you may be 2 totally different things. For instance, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or an array of various other reasons. This is why it is really important that you not depend totally on a vendor's word, but rather, make use of the vendor's answer along with your total due diligence. This will repaint a much more practical image of the business's present situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering points like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or might lead to charges if canceled early.

Understand the Customer Base, Competition and Area Demographics

How do companies in the Baldwin County - Fairhope, Alabama area attract new clients? Many times, companies have repeat customers, which develop the core of their daily profits. Particular elements such as new competition sprouting up around the location, roadway construction, and also employee turn over can impact repeat clients and negatively affect future earnings. One essential thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business often, the better the possibility to build a returning customer base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the local median family income influence future revenue potential?