$356,000 Discretionary Earnings. Owner retiring. Great Staff!

Austin, TX (Travis County)

Seller Financing Available
$356,000 Discretionary Earnings.  Owner retiring. Great Staff!
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Asking Price: $1,350,000

Cash Flow: $356,000

Gross Revenue: $1,403,000

EBITDA: N/A

FF&E: $50,000

Inventory: $230,000

Rent: $19,000 /Month

Established: 1998

$356,000 Discretionary Earnings. Owner retiring. Great Staff!

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Business Description

Over 20 years in business in the booming Austin economy. Great seasoned staff runs iconic operation with little owner involvement. Multiple profit centers. Growth in this arena has great potential. Seller is motivated to assist the right buyer. SBA Lenders are ready to finance well qualified buyer.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
7,400
Lease Expiration:
2/28/2021
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
7,400 sq. ft. in busy market center. This business is one of the anchor tenants. Layout is very flexible for changing displays.
Competition:
No other business in this segment comes close to providing the products and services offered.
Growth & Expansion:
Once people find this business they continue to return and even order over the internet. Expansion of internet presence would be a real plus.
Financing:
As required by SBA
Support & Training:
Seller will provide on site training and seasoned staff will be very helpful. Seller will remain available for phone consultation as needed.
Reason for Selling:
Seller has family in California and wants to retire there.
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Contact the Seller

(from currently available funds)
 
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Clarence Griggs

Business Listed By:
Clarence Griggs

Griggs Business Brokers

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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