Exceptional Turnaround Opportunity In Middle Tennessee For Sale

Business description

Exceptional Turnaround Opportunity – This Middle Tennessee supplier of retailers has survived the recent economic downturn, while many of its competitors have closed their doors. This provides a great growth opportunity in coming months and years. This company provides the equipment for retail stores. If you look at a store and subtract its real estate and inventory, you will then see (approximately) what this business provides: shelves, display cases, free standing displays, wall mounted panels (that shelves and hooks are attached to), mannequins, etc. However, the recent economic downturn also left this fine company weakened and in immediate need of additional inventory to function more effectively and efficiently. In addition, many of the firm’s suppliers no longer carry adequate inventory, making it even more necessary for this firm to carry more inventory in order to supply customers in a timely and acceptable manner. As a result, the Buyer of this business will be required to provide an additional cash infusion of at least $500,000 in order to purchase this business. Customers in this market, locally, regionally and nationally, are currently poorly served. Going forward, with this cash infusion, the company can recapture its market and grow to capture business previously served by competitors who are no longer in business.

Furniture, Fixtures, & Equipment: $ 37,000
Vehicles and / or rolling stock: $ -0-
Inventory: $ 48,000
Accounts Receivable (if included): $ -0-
Land and Building (if included): $ -0-
Other Assets: $ 42,000
Current Liabilities to be assumed: $ -0-
Current Notes to be assumed $ -0-
Asking Price: $ 200,000
Down Payment: $ 40,000
Annual Sales Volume: $ 665,000
Cash Flow: $ 35,000

Property information

Real Estate:

Lease

Lease terms:

A five year lease with at least one five year extension is desired.

Leasehold rent:

$180,000 per annum

Leasehold rent:

$6 per sq ft per annum

Location:

Middle Tennessee

Premises details:

30,000 sq. ft. combined showroom and warehouse

Size in square feet:

30,000

Other information

Expansion potential:

Expansion potential is tremendous due to the weakness or absence of competition.

Competition / Market:

Competition has been greatly weakened and often wiped out by the recent Great Recession.

Support & training:

3 months, free

Reasons for selling:

Need for cash infusion and age of the Owner, who is willing to stay on for a few years.

Trading hours:

Monday - Friday, 8:30 am - 5:00 pm

Furniture / Fixtures value:

$37,000 (included in the asking price)

Inventory / Stock value:

$48,000 (included in the asking price)