Iconic Austin Retail Business with 2015 Earnings of $488,000+!

Austin, TX (Travis County)

Seller Financing Available
Iconic Austin Retail Business with 2015 Earnings of $488,000+!

Asking Price:$1,600,000

Cash Flow:$488,000

Gross Revenue:$1,300,000

EBITDA:N/A

FF&E:$30,000

Inventory:$1,000,000*

Established:1998

*not included in asking price.

Iconic Austin Retail Business with 2015 Earnings of $488,000+!

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Business Description

Here is an opportunity to own an iconic long established (over 15 years) retail business in America's fastest growing city, and often rated as the best place to live in the country. A just-out report shows Austin as having the highest percentage of millennials of any city in the country.

The business has multiple profit centers within the largest business of its type in the city. Award winning, highly profitable and a fun business to run. A rare type of retail where much of the inventory is not paid for unless and until sold. Great seasoned staff with systems in place so the operation runs like clockwork. No experience necessary in this type of business. Current owner has 30 years of industry experience and will train and assist in any needed capacities for a full year. The optimal future owner should be an experienced manager and/or sales manager with a desire to learn the business and continue to build it through hands-on operation and promotion.

Detailed Information

Inventory:
Not included in asking price
Employees:
5 Full Time-1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
7,400 sq. ft. space in high traffic shopping area of the fastest growing city in America - Austin, Texas.
Competition:
There is no other retail business like this in Austin. Many Houston and Dallas buyers say they don’t have this great a store in their town.
Growth & Expansion:
We have a very sophisticated and extensive social media presence, our main source of promotion. Our website is kept totally up-to-date with current inventory. There is a huge potential for even greater growth in an ever-expanding local population.
Financing:
Available to well qualified buyers as secondary loan from bank.
Support & Training:
STAFF AND SYSTEMS: With the procedures the owner has put in place, coupled with a very, very dedicated staff who loves what they do, the business is able to give a great customer experience and bring back buyers over and over.
Reason for Selling:
Owner is anticipating retirement after transition period.
Business Website:
http://www.GriggsBB.com

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Clarence Griggs

Business Listed By:
Clarence Griggs

Griggs Business Brokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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