Well Established Skate Apparel Store For Sale

Business description

Well established, reputable and profitable skate, shoe, apparel and accessories retail store with location, location, location. The business is priced to sell at the cost of the existing inventory even though the store is profitable. Store carries major brand names, as well as new trend setting merchandise representing the serious skateboarder’s lifestyle and appealing to today’s youthful demographics. Store is strategically located in a new, major shopping center with strong anchor stores creating heavy and steady traffic. Business was established in 2004 and has shown continued growth in revenue and profit trends up to 20% each year. Owners have to sell because operating partner has moved and they have other business interests.
Store is located in 1,700 sq ft immaculately designed and stocked store with a $4,500 monthly lease through September 2009. Store is currently employee operated/absentee owner with two full-time and 6 part-time employees. Great opportunity to increase cash flow instantly for an owner/operator. Purchase price includes approximately $120,000 of saleable inventory at cost. Great investment or lifestyle business opportunity.

Property information

Real Estate:

Lease

Lease terms:

1,700 sq ft at $4,500/month with lease through September 2009

Other information

Support & training:

Seller will provide 2 weeks of training at 20 hours per week

Reasons for selling:

Other Business Interests

Furniture / Fixtures value:

$10,000

Inventory / Stock value:

$1,200,000

Contact the seller