Explosively Growing Specialty Retailer In Five Premier Locations For Sale

Business description

Investment Highlights:
• The Company operates five profitable turnkey, recently built out stores located in prime, high traffic retail locations, with long term leases and/or favorable landlord relationships.
• Stores are located throughout the US; business HQ is NOT in Hawaii but can be readily relocated to Hawaii or anywhere in US.
• One of the hottest concepts in specialty retailing
• Exceptionally profitable, with consistent 60% gross margins, and explosive growth, from its launch in 2003 to $1.05 million+ EBITDA today.
• Sales per square foot average > $1,100
• Resilient vs. weakening economy; overall sales are up 20% May vs. 2007, and same store sales are up 6%.
• Business includes a very strong management team. Business has 35+ employees.
• Exceptionally strong financial systems; financials are free of owner “discretionary expenses”.
• Numerous excellent candidate locations have been identified. Capital required for store build outs and inventory are low by industry standards.
• Includes FF&E with book value of $216K, leasehold improvements with a book value of $455K, and inventory of $485K
• Reason for sale: retirement. Seller will sign 5 year non compete agreement.
• Entity type: S Corp.

Property information

Real Estate:

Lease

Lease terms:

Five locations all have different lease terms.

Other information

Support & training:

Senior management is willing to provide training of 40 hours per week for 4 weeks.

Reasons for selling:

Retirement

Financing available:

Seller financing available: $2,500,000 down; $1,215,000 seller financed - new note to be secured by the assets of the business; terms: amortized over 60 months at 8% interest.

Furniture / Fixtures value:

$216,000

Inventory / Stock value:

$485,000

Contact the seller