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Listed by:

M&A Business Advisors

Broker license number: 01417096/02073710

Men’s Western Wear And On-Site Money Services For Sale

Ventura County, California - South, US
Asking Price:
$199,000 (USD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Rare opportunity for a bilingual owner-operator or family to take over this thriving community establishment from owners ready for retirement after 30+ years. Longstanding and well-known business in coastal Ventura County is in a prime location on a main street with good foot traffic. Warm and welcoming decor invites repeat and walk in customers in for Western wear as well as for essential money services that are visible right by the front door.

Secure seller-owned building has street visibility, great local parking, security system, plus all necessary fixtures and equipment. A new long-term lease will be available for a qualified Buyer. One or more current employees may stay on which will give the new owner/operator good continuity with existing customers.

Large lot of current and salable inventory of nationally known name brands sold at cost in addition to the purchase price of business. Strong demand for the top-quality name brands that are not available everywhere in the area, plus the on-hand inventory in a full range of sizes brings in customers on a new and repeat basis. Buyer will have plenty of inventory to carry them through the transition period and bring in income every day.

Money services are very popular with many local families who need check cashing and money transfers on a weekly or monthly basis. The money services side of the business comes with a large customer database. Many customers use money services as well as shop in the store.

Very little marketing and no website or social media is done currently. There are certain product types not currently carried by the store that could add customers quickly. This means plenty of opportunity for Buyer to grow this longstanding and popular business. Buyer should be bilingual Spanish/English and will need to obtain check cashing permit.

This business is being priced and sold as a Sale of Assets in Place with limited or no books and records. Any figures above or in the package are as per the Seller and Broker has not verified. Buyer to complete their own investigation of any available books and records during Buyer’s Due Diligence period and prior to opening escrow.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Mary Doyle to receive a confidentiality agreement and learn more about this opportunity.

Property Information

Real Estate:

Lease

Lease Terms:

TBD

Leasehold Rent:

2800 per month per annum

Location:

Prime location on a busy thoroughfare in South Ventura County

Premises Details:

Street-facing retail space with on-street and adjacent parking in a strip mall

Size in square feet:
2,500

Business Operation

Expansion Potential:

No website or social media presence. Very little advertising currently done. Other product lines can be added.

Competition / Market:

Some competition in the area but this business has top brands and services that their customers need all in one location.

2 Western apparel retailers within 2 miles. 5 Check cashing places within 3.5 miles.

Reasons for selling:

Retiring

Trading hours:

M – F, 9:30 AM – 8 PM, Sa 9 AM – 8 PM, Su 9 AM – 6 PM

Employees:
1 Full-time, 1 Part-time, 2 Owners
Years established:
31

Other Information

Support & training:

Seller will provide training at no cost to qualified buyer.

Financing available:

Seller will consider seller finance for a qualified buyer with good credit and a significant down payment.

Inventory / Stock value:
$268,000 (USD)
Relocatable:
This business can be relocated.

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