It has been determined that the owner/seller has met our qualification standards of being an established, profitable, and bankable business. This is the starting point of our SCS system, that has proven to deliver results three times or more industry standards and helps those we work with experience our mission of receiving the highest customer satisfaction ratings in North America. To obtain a thorough overview of this business, hit the CONTACT SELLER button. Once completed, you will receive an automated email from our system that will provide you with a link to complete a Non-Disclosure Agreement (NDA).
Description
Discover this community staple retail business positioned in a high-traffic locations, with owned and leased real estate, offering experienced hands-on retail operators an attractive choice to capitalize on consistent revenue streams and the ability to create immediate increased profitability.
- Annual revenues growing at a rate of 8%.
- Consistent Gross profit margins of 45%
- Ideal locations in the communities served, long history of customer patronage from a broad customer base
Based on the current owner's length of time in business, the owner is certain each location's profit can be increased by $50k or more with a hands-on owner who is engaged with the community and managing inventory more appropriately.
By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions.
Financial Information
Asking price is $189k + inventory.
* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.
Operations
There is also an opportunity to acquire an additional 1 or 2 stores located in CBRM, please sign the Non-Disclosure Agreement for full details.
