Video Game & Trade Store Franchise For Sale

Business description

Franchised Video Game store; busy Pasadena street highly populated with the right demographics as evidenced by this 3-mo. old store already making good money. Similar to Game Stop but better. Sells/buys/repairs new/used video games/consoles/access.: WII, XBox 360, Play Station 2&3, Nintendo (incl. DS), PSP, even hard to find retro games. Advantages over competitors: Look of the store is "stealth" w/8 play stations inside w/bright flat screens, 1 station outside that projects on the window. Customers try games before buying, play against others in-store & tournaments every 2 wks with 30-40 entrants ($15 fee). Layout needs only 1-2 employees at a time (stations controlled from behind the counter, all valuable items behind the counter & multi-camera system viewable remotely from home or anywhere). Grow by doing coupons, print/radio/cable adv, more flyers, etc. Great dedicated employees allow owner to work only 20 hrs overseeing. Well liked & supportive franchisor.

Franchise terms

Only 4% royalty fee

Property information

Real Estate:

Lease

Lease terms:

$1,500 sq ft. $6000 monthly rent to 2015 @ CPI increases + 5 year option.

Location:

Retail store on busy street

Other information

Support & training:

Seller will train 2 weeks; franchisor training 3 weeks.

Reasons for selling:

Wants capital to invest in real estate in down RE market

Trading hours:

11am to 9pm Mon to Fri. Sat. 11 - 10, Sunday 1pm to 8pm

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$20,000 (included in the asking price)