Children's Furniture and Accessories Retailer For Sale

Business description

It has been a great 30 year run, but now the owner of this well known and highly respected retailer of childrens furniture and accessories is ready to retire and sell his West Michigan landmark business. This retailer, established in the 1940s and in business continuously since, is now located in a beautiful, free standing building (available for sale separately) custom designed specifically for this business. Ideally located block from a major commercial street, this destination business occupies 19,000 sq. ft. of the very attractive 26,000 sq. ft. facility. The adjacent 7,000 sq. ft. is completely finished out and ready to be leased to another entity or used for expansion. The facility boasts ample parking, enough in fact to conduct the retailer?s traditional and successful annual tent sale and a large, modern warehouse for efficient handling and storage of the business $275,000 inventory (to be sold separately at cost). This retailer generates revenues of $1.5 million, carries all the top lines and boasts nearly a six figure cash flow. The business is attractively priced at $295,000 which is less than 20% of annual revenues. The purchase price includes, in addition to the enterprise value of the business, over $100,000 of fixtures, equipment, hardware, software and drop dead gorgeous build-out. And as you might expect, the retailer has a terrific data base of both loyal customers and prospects. The seller is associated with the landlord so the buyer is assured of a fair and customized lease. The buyer can also pursue purchasing the real estate or entertain an option or right of first refusal on the attractive property. And to facilitate the sale of the business to a smart and eager (though undercapitalized) buyer, the seller will carry a meaningful seller note.

Property information

Real Estate:

Real Property Included

Lease terms:

Available for lease or purchase

Location:

19,000 sq. ft. building

Other information

Support & training:

Seller will provide training

Reasons for selling:

Retirement

Trading hours:

Monday-Sunday

Financing available:

Seller will provide partial financing

Inventory / Stock value:

$275,000