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Expansive Video Rental Store in Portsmouth

Portsmouth, Virginia (Portsmouth City County)

Retail - Miscellaneous Retail | Services - Motion Pictures

Asking Price $850,000 Inventory $125,000* 
Gross Income $560,000 Real Estate  
Cash Flow $250,000 Year Established 1983
FF&E $60,000* Employees 5 Full/3 Part

* included in the asking price

** not included in the asking price

This is a great opportunity to own and operate an expansive and long established video rental and retail facility. The owner has enjoyed substantial growth over the last two years as a result of downsizing in this category, and is projecting the same growth in 2008. The owner has a winning formula, which has allowed him to enjoy the profitability and excitement associated with an operation in the video rental line. The location is ideal, and has become an established icon in the community. To keep the brand strong, the owner has designed a substantial marketing plan keep the revenue generating engine alive. That coupled with a continually changing inventory keeps the customers returning. The strong brand associated with this facility insures longevity well into the future. The current owner has a wealth of knowledge in the video rental business and can train a buyer in the art of making money in this type of business with respect to pricing strategies, turning inventory, sales promotions, etc. The owner is retiring and planning to move out of state. A long lease is in place at a very reasonable cost.

Facilities: 6,800 sq. ft. building

Financing: Seller will negotiate financing

Support/Training: Seller will provide training

Reason Selling: Retirement

AD # 358295

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