Buy a Business

Advert Ref: 3506690

Upscale Retailer in Major Mall For Sale

Details: Asking price:$175,000; Sales revenue:$261,500; Net profit:$56,800; Fixtures value:$40,000; Inventory value:$50,000

Business description: This upscale menswear store is one of two that the seller has within 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. This store is located right next to a major new 100,000 sq ft anchor in the mall and is already showing significant sales growth. The lease runs to 2013 at around half of the now current market rent as the seller got in early prior to construction of the new anchor. Seller will sell both stores separately (see also #350-6691) or together (see #350-6686) due to relocation. Ideal opportunity to take advantage of the malls growth & below market rent.

General information: Years established:2005; Employees: 2; Real Estate: Lease; Lease terms:979 sq ft shop @ $6,218/month. Lease runs to 2013; Support & training:seller will train for 8 weeks at no cost; Reasons for selling:relocation; Financing available?Amount is $87,500 at a rate of 9% for 24 months