Texas Established Retail Mattress Store For Sale

Business description

San Antonio! Texas largest and most successful mattress store. In business 10 yrs. No other mattress store sells even 50% of what Billy Bobs Beds sells. Gross Sales, lower mid 7 figures per annum. Sales based on open only 5 days a week and closed for 12 days at Christmas. Add 20% to 25% if you want to open 7 days a week. Billy Bobs Beds was established 10 yrs ago and is extreemly well know in community and draws customers from all over South Texas and the county, after spending over 6 million the last 10 yrs in promotion and advertising. Billy Bobs has 11 yrs left on lease at $0.42 PSQFT per month. Has very co-operative lessor willing to continue lease. Billy Bobs displays 75 mattress sets and only 2 Bedroom sets. One could easily extrapolate that gross sales could double with the addition of additional bedroom sets. All employees are willing to stay on and Billybob is willing to stay for a negotiated amount of time to teach you all his secrets and show you how he started with 2 mattress sets and became the biggest mattress dealer in san Antonio. Billy Bob would give you a non-Comp agreement. Billy Bobs has only 7 employess. Compare this to the national average for the gross and you will see Billy Bobs has about half as many employees and sells twice as much. Business model is great opportunity to open a chain of mattress stores.

Property information

Real Estate:

Lease

Lease terms:

11 years at $0.42/per sq. ft. per month

Location:

Prime retail location

Other information

Expansion potential:

Could add furniture and would easily double sales

Competition / Market:

N/A

Support & training:

Owner willing to stay and work for a negotiated time.

Reasons for selling:

Retire

Trading hours:

Open 10am - 8 pm 5 days a week. Closed Tuesday and Thursday.

Financing available:

Yes. Options depend on credit worthiness of buyer. In addition to asking price, also asking for a small percentage of gross sales for 10 years.

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$400,000

Website:

www.billybobsbeds.com