- Advert ID: 479540
- (Seller ref: 3506686)
Upscale Retailer in Major Mall For Sale
Price Reduced
- Location:
-
- United States
- > South East
- > Florida
- > Miami
- > Miami
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Summary
- Asking price:
- $350,000
- Sales revenue:
- $561,500
- Net profit:
- $115,300
- Years established:
- 2005
- Employees:
- 4
Business description
2 upscale menswear stores for sale in an excellent location inside one of Miami's largest shopping & entertainment complexes. The mall covers 1.4m sq feet with over 250 different retail, entertainment and dining outlets including a numer of major brand anchors. The mall is rapidly growing and both stores are well situated, one close to a new 100,000 sq ft anchor and the other inside the high traffic entertainment area. Sales & profits are growing with the growth in foot traffic at the mall. Leases run until 2012 at well below the now current market rent at the mall. Both stores are being sold together (this listing) or separately (see #350-6690/350-6691) due to the sellers relocation. Ideal opportunity to take advantage of the malls growth & below market rent.
Property information
- Real Estate:
- Lease
- Lease terms:
- 2 stores totalling 2100 sq ft @ $14,230/month. 1 lease until 2012, the other to 2013.
Other information
- Support & training:
- seller will train for 8 weeks at no cost
- Reasons for selling:
- relocation
- Financing available:
- Amount is $175,000 at a rate of 9% for 24 months
- Furniture / Fixtures value:
- $80,000
- Inventory / Stock value:
- $110,000
Contact the seller
need to search again?
- United States
- > South East
- > Florida
- > Miami
- > Miami
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