College Bookstores In Central Texas For Sale

Business description

This business specializes in retail with growing internet sales. Revenue has reached $3.9m in the 12 months ending 3/31/2011 and the business is on pace to achieve revenue of $5.1M + in the 12 months ending 3/31/2012. The business has 5 locations, two of which have been open less than one year and specialized software provides a competitive advantage and allows web based real time management of all facets of the business.

There are seven permanent employees that include four general managers, a programmer, a warehouse manager and a warehouse assistant. The business also employs approximately 50 part time employees (this increases to 130 during busy periods)

Property information

Real Estate:

Lease

Premises details:

The business has 5 locations that range in size from 1800 sq ft to 2700 sq ft with an average rent of $3,600 per month.

Business Operation

Expansion potential:

The business has done very well with focus on the core of their product offering and their low overhead has proven to provide a competitive advantage. The competitors offer a large line of soft goods at higher margins and this provides a very good opportunity for a buyer with merchandising skills. The business develops general managers internally and has four prospects available for new store openings, which are being considered for fall of 2012.

Competition / Market:

The business faces competition, primarily in the form of larger national businesses that are higher priced. The market will be somewhat stagnant, however the opportunity to growth within the market appears bright.

Reasons for selling:

Owner wishes to pursue other interests

Trading hours:

The stores are open from 10:00 am to 6:00 pm Monday thru Friday and some Saturday hours are offered at selected stores. The business does increase hours during busy times.

Employees:

57

Other information

Support & training:

Reasonable training and transition support will be provided

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$325,000 (included in the asking price)