29+ year Profitable Independent Retail Shipping Mailbox Center 19857

Rockwall, TX (Rockwall County)

Seller Financing Available
29+ year Profitable Independent Retail Shipping Mailbox Center 19857
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Asking Price: Get Financing: $100,000

Cash Flow: $75,000

Gross Revenue: $280,000

EBITDA: $75,000

FF&E: $20,000

Inventory: $3,000

Lease Rate: $2,481 /SF/Month

Established: 1989

29+ year Profitable Independent Retail Shipping Mailbox Center 19857

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Business Description

Company is a 29+ year independent retail shipping center, in a prime business location along Interstate Highway 30 on a HIGH VISIBILITY & BUSY OFF-RAMP, offering full-service mail box rental, copying, shipping, UPS, FedEx, DHL, USPS (United States Postal Service), professional packing, fax, notary and related products/services. The business has continuously operated in the current location. The owner purchased the business approximately 2 years ago and has implemented multiple improvements including: adding services, installing a POS system, correcting low-margin prices (eg increasing prices to market), updating décor/paint/flooring and improving the employees.
This company is a profitable business WITHOUT the franchise fees. The business is located in a busy center bordering major national chains including 24 Hour Fitness, El Chico Restaurant, Edible Arrangements and other retail stores. A knowledgeable employee provides customers with service designed to save valuable time at a one-stop location. The business attracts customers from a 10-mile radius including Rockwall, Rowlett, Royse City, Greenville, Heath, Fate and the surrounding towns in Rockwall County. The customer base is small-office/home-office (SOHO) businesses, corporate “road warriors”, homemakers and schools. The owner estimates the customer base is approximately 65% residential and 35% business customers. The owner feels that a major advantage over competitors is the longevity of the same store in one location and relationships with customers. The customers are happy with the service and committed to using the company.
The business is experiencing a significant growth in sales and profits due to the owner’s improvement efforts over the past 18 months. A new, energetic owner can further increase sales & profits in many ways. The seller states that the business has excellent books & records and is able to prove all sales & expenses. ALL SALES/CASH FLOW ARE 2018 PROJECTED.
The asking price for the assets of the business is $100,000 ALL CASH, or $140,000 with $70,000 down and $70,000 seller financing to a qualified buyer for 5 years at 8% (monthly payments of approximately $1,419.35/mo). All financing is to be personally guaranteed. THE SELLER PREFERS AN ALL-CASH SALE. The assets include inventory at cost of $3,000, Accounts Receivables of $2,000 and FFE (Furniture, Fixtures and Equipment) valued at $20,000. The purchaser will need to assume a maintenance agreement on Xerox copier approximately $35-105/month (depending on usage).
KEYWORDS: mail box, PostNet, UPS Store, Packaging, UPS, FEDEX, DHL, shipping, PASS, mailboxes etc, postal connections, pakmail, goin' postal, mbe, Eagle postal center, mail and more, packaging and shipping specialists, safe ship, PostalMate.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,265
Lease Expiration:
10/31/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business occupies ~1,265+/- SF for ~ $2,481/mo ($1845 base rent + $50 signage + NNN) through ~October 31, 2020 in a busy retail strip center with annual adjustments to NNN expenses. The layout consists of an entrance with 24-hour gated access to mailboxes, main retail display area with large open walkup counter, rear shipping/work space room and restroom. The landlord is willing to offer a long-term lease to a qualified purchaser. The security deposit is ~$2,260.35. Purchaser is responsible to pay lease application or transfer fees (if any). Lease application/transfer/assignment fee is estimated at $______ (will be confirmed by the landlord) and is the responsibility of the Purchaser.
Competition:
The retail shipping industry is very competitive. The business attracts customers from a 10-mile radius including Rowlett, Royse City, Greenville and the surrounding towns in Rockwall County. Despite the presence of well-established competitors, the owner feels that customer service at their store is outstanding; the employees are professional and very experienced. Customers are prepared to drive to this store for superior service and convenience.
Growth & Expansion:
The seller has used the location, word of mouth referrals and several improvements to build the business. A new, energetic owner can SIGNIFICANTLY increase sales & profits in many ways. 1) Use the current strong industry trade association for website, training, networking and discounts: Retail Shipping Associates and RS Central www.rscentral.org/, 2) Ask customers to enter Social Media reviews on Google, Yelp and other search engines. 3) Ensure that the business appears in web search engines for UPS, FedEx and USPS, 4) Register the store location on Google, Yelp and other search engines, 5) Continue adjusting and improving margins to industry standards, 6) Develop marketing that highlights the business’ CONVENIENT easy ACCESS location for commuters, 7) Increase Mailbox rental rates to market levels, 8) Promote Air freight and FedEx/UPS versus US Postal Services, 9) Offer freight crating services, 10) Direct mail to local home-based businesses, promoting mailbox 24 hr access, 11) Expand and promote greeting card and gift item sales
Financing:
Price $100k ALL-CASH or $140k with $70k dn + $70 Seller Financing
Support & Training:
The seller genuinely desires an effective business transition. Seller will train buyer for 2 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreeable compensation if desired by purchaser. The seller will also provide telephone support thereafter.
Reason for Selling:
Health
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Buyer AdamNobleGroup

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Buyer - Adam Noble Group

Adam Noble Group

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Sponsoring Broker:
Jeff Adam

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