Popular Video Store For Sale

Business description

VIDEO STORE WITH OR WITHOUT FRANCHISE AGREEMENT – This “Turn Key” leasehold business located at a small Vermont community and enjoys the “lion’s Share” of the local market. The business is currently operating as a S-Corporation. Certain “Assets” from the corporation are offered for sale to include Business, Business Name, Leasehold, Vendor Agreements, $500 Inventory at cost, Furniture, Fixtures, Equipment to include DVD inventory. Sales have consistently been in the $200,000 range with the adjusted 2007 profits of $79,207. This is a small business that can be run by an owner plus 1-2 part time employees. This business is sustainable and priced to sell at $120,000 $95,000 including $500 of inventory at cost (snack food and candy). The movies and games are not considered inventory but rather depreciable assets. The seller offers transition assistance and a covenant-not-to-compete. The business will need little to no capital improvements and is ready to start cash flowing for a new owner day ONE. The Landlord is aware of marketing and is looking forward to working with a new qualified owner. This is a highly confidential listing and information will only be shared with qualified buyers who have properly completed both a Buyer Information Form and a Non-Disclosure Agreement.

Property information

Location:

Located in only shopping area in town, next to doctor's office, bagel bakery and hardware store etc

Other information

Competition / Market:

None in area or surrounding towns. Residents come form nieghboring towns to their location in this rural town.

Support & training:

Seller does administrative off-site. Seller willing to train new owner. There is a full time manager.

Reasons for selling:

Other business interests

Trading hours:

10-9