Equipment Retail

Sequim, WA (Clallam County)

Seller Financing Available
Equipment Retail

Asking Price:$198,000

Cash Flow:$156,231

Gross Revenue:$1,468,293

EBITDA:$156,231

FF&E:N/A

Inventory:$175,000*

Rate/Sq. Ft.:$0.91

Established:1997

*not included in asking price.

Equipment Retail

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Business Description

Established & profitable retail store

Restaurant Equipment company, new and used, wholesale, retail; established in 1997 in his garage, this business has flourished to a $1.5 million-dollar sales giant. The seller also built the building that the business is in and no expenses were spared, that too can be purchased for an additional cost. There are currently 8 full time and 1 part time person employed, all long-term employees for many years. All the employees would stay with the business if they could, I have profiles on everyone. The seller revamped the business model a couple of years ago and sales have increased, this year the goal is $1.8 million. Last years adjusted net was $156K with the average over the past three being $112K. For 2016 we are hoping to see a $200K return. The seller has some additional revenue stream ideas that he foresees bringing in upwards of eventually another 2 to 3 million a year and he would be willing to help develop it on a consultant level, if someone wanted him to. So we priced this to move it, it should be closer to $250K at least but he is ready to head south. Call or email for an NDA and we can go from there. I am excited to share this with someone.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
7,500
Lease Expiration:
12/31/2021
Employees:
9
Facilities:
Restaurant Equipment company, new and used, wholesale, retail; established in 1997 in his garage, this business has flourished to a $1.5 million-dollar sales giant. The seller also built the building that the business is in and no expenses were spared, that too can be purchased for an additional cost. There are currently 8 full time and 1 part time person employed, all long-term employees for many years. All the employees would stay with the business if they could, I have profiles on everyone. The seller revamped the business model a couple of years ago and sales have increased, this year the goal is $1.8 million. Last years adjusted net was $156K with the average over the past three being $112K. For 2016 we are hoping to see a $200K return. The seller has some additional revenue stream ideas that he foresees bringing in upwards of eventually another 2 to 3 million a year and he would be willing to help develop it on a consultant level, if someone wanted him to. So we priced this to move it, it should be closer to $250K at least but he is ready to head south. Call or email for an NDA and we can go from there. I am excited to share this with someone.
Growth & Expansion:
The seller has some additional revenue stream ideas that he foresees bringing in upwards of eventually another 2 to 3 million a year and he would be willing to help develop it on a consultant level
Financing:
Depending on Buyer credentials
Reason for Selling:
Seller is moving out of state

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Mary Keller Wynn

Business Listed By:
Mary Keller Wynn

Keller and Wynn Commercial Partners

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