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Advert Ref: 3506691

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:$60,000

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 in the entertainment complex of the mall, this store is in a high foot traffic area and is allowed to open to significantly extended hours. Lease runs to 2012 at below market rent. Seller owns 2 stores being sold separately (see also #350-6690) or together (see #350-6686). Ideal opportunity to take advantage of the malls growth & low rent.

General information: Years established:2005; Employees: 2; Real Estate: Lease; Lease terms:1067 sq ft shop @ $8,012/month. Lease runs to 2012; 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