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Antique Mall - Great Traffic and Solid Numbers

Tucson, AZ (Pima County) (Relocatable)

Booths always in demand
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Asking Price: $400,000

Cash Flow: $135,000

Gross Revenue: $420,000

EBITDA: N/A

FF&E: $35,000

Inventory: $20,000

Rent: $14,000 /Month

Established: 2015

Antique Mall - Great Traffic and Solid Numbers

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Business Description

With over a hundred rent paying vendors on a very busy street in Central Tucson, this Antique Mall generates over $150,000 cash flow for the owners with multiple income streams: Rent from vendors, commissions on all items sold, sales of abandoned booths items, consignment on larger items, and profit on their own inventory. Vendor space always in demand, well organized and built out, the merchandise ranges from beautiful 19th century antiques, hard-to-find vintage pieces, mid-century collectables, and household items at prices that can't be matched. The Mall has a well-trained staff who help the customers find what they are looking for and keep the place in top-notch shape. With a new option on the lease that is assignable from an understanding landlord, the Buyer will hit the ground running. Priced below the average multiplier for today's retail. Clean books will make financing simple. Very few of these money makers ever reach the market because of their high demand.

Detailed Information

Location:
Tucson, AZ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
18,000
Lease Expiration:
6/9/2022
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Well orgainzed, lighted, cooled and heated 18,000 sq ft of space. Over a hundred booths. Private office. Rented storage containers out back for owners inventory (and one vendor). Plentiful parking and great visibility. Building next door recently purchased and over a million dollars of improvements going in, will provide synergy.
Competition:
As nearly recession proof as you can get since vendor demand and customers flock to the low prices if economy stumbles. This mall stands alone by capturing the middle ground for utility, value, collectable and beautiful heirloom quality antiques.
Growth & Expansion:
Without a powerful web site or social media presence, there is much room for growth in the local market. The owners have had a tiger by the tail, and admittedly not focused enough energy on marketing or promoting. A near monthly vintage car show is much appreciated and reveals the potential to expand on their remarkable growth so far.
Support & Training:
2 weeks; more if required
Reason for Selling:
Retirement
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(from currently available funds)
 
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Bill Swan

Business Listed By:
Bill Swan

Tucson Business Investments

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Sponsoring Broker:
Jon Barger, CBB, SBA

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