4 profit centers, 1 price, Antique Mall, Semi absentee, no vacancies$$

Cumming, GA (Forsyth County)

Seller Financing Available
4 profit centers, 1 price, Antique Mall, Semi absentee, no vacancies$$
Contact Seller

Asking Price: $148,000

Cash Flow: $75,000

Gross Revenue: $356,060

EBITDA: N/A

FF&E: $20,000

Inventory: $3,000*

Rent: $6,000 /Month

Established: 2009

*not included in asking price.

4 profit centers, 1 price, Antique Mall, Semi absentee, no vacancies$$

Save Print Share Valuation Report

Business Description

I have sold many types of businesses in the past 20 years. Some were more exciting than others. I am excited about this Antique Mall for sale because it is much easier to run this than, say, a restaurant. And this Mall has several sources of income & 4 profit centers for the existing owners. The new owner can slow it down or crank it up to make even more money. Here are the 4 profit centers:
1. Current owner collects booth rent from about 60 vendors an average of $250/month every month. The nice thing is that seller has a work credit arrangement with about 15 of the vendors. So, for prearranged & scheduled hours that vendors work the floor, they get credit towards their rent. But they cover the whole mall not just their booth. They can work their own booth anytime without any compensation. Sweet & simple.
2. Seller gets 10% commission from all vendor sales and vendors pay additional 3% Credit card processing fee. All the sales are finalized at the front counter with the store POS system which keeps track of every sale.
3. Third source of revenue is from consignment sales which is split 50/50. Clients bring their merchandise on a consignment & when the item sells, shop gets 50% of the proceeds.
4. The sellers have set a side roughly a 1,000 SF of the mall space for their personal items and they collect 100% of the sales proceeds. You can continue this part or simply lease out the space to other vendors and collect rent & 10% commission & 3% credit card processing fee.
Remember, 10 years ago the seller knew nothing about the antiques or retail business. He was a real estate broker. Due to the recession of 2008 & 2009, his real estate business went under and the rest is history. He has made a good living from this business and you can too.
There is no shortage of vendors who want to set up shop here. Currently the owners work 10 hours each in the shop floor each week. They have a manager that works 3.5 days a week and makes $350/week. There are always 2 attendants working the floor on weekdays. On weekends, many times 3 attendants work.
We are looking for a good fit in a potential buyer. I have giving you a lot of details about the business. So, if you want this business, please complete the attached buyer forms & email them back to nick@nbb-web.com. Feel free to reach out to me with any questions. My private cell phone number is 404-405-4069.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
12,000
Lease Expiration:
10/31/2022
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
12,000 SF facility that can house up to 80 rent paying vendors. without requiring a build out or other repair expenses.
Growth & Expansion:
The new vendors signing up for a space will be charged more per SF. Seller has lots of ideas for the buyer if they want to expand & grow the business even further.
Financing:
A small owner financing is available to a qualified buyer
Support & Training:
Seller will train the buyer for two weeks after the closing at no extra charge.
Reason for Selling:
Dissolving the partnership. Event planning family business consumes all his time
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Nick Modares

Business Listed By:
Nick Modares

Business Brokers Inc./Atlant Business Ad

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1618221 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Apricot Lane Boutique

Franchise Opportunity
Capital Required: $136,050