Discount Retail in Santa Cruz

Santa Cruz, CA (Santa Cruz County) (Relocatable)

Discount Retail in Santa Cruz
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Asking Price: $899,999

Cash Flow: $169,317

Gross Revenue: $1,242,916

EBITDA: $169,317

FF&E: $33,500

Inventory: $220,000

Rent: $12,600 /Month

Established: 1981

Discount Retail in Santa Cruz

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Business Description

Turn key operation. This business is ready for you to take over. Tremendous good will. Huge customer base. Same location for 7 years. High visibility on main road. Rare to find a building this size available in Santa Cruz and even rarer that it also has a huge parking lot serving only this building. This store sells a huge selection of discounted merchandise such as sunglasses, readers, assorted CBD products, non-perishable food and beverages, jewelry, small appliances, furniture and rugs, home improvement, kitchen and bath accessories, tools, health and beauty aids, clothing and shoes, laundry and cleaning supplies, camping, pet supplies, etc... Closeouts and salvage merchandise are in the mix also. Items for the whole family. A variety of items sold and the possibilities for other specialty items are endless. Not a limited business, like just clothes. Adaptable business according to what is available. Business is a corporation and is 100% owned by current owner.
Gross revenue and cash flow are averages of the last three years.

Attached Documents


Detailed Information

Location:
Santa Cruz, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
7,200
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4900 sq. ft. selling space. Covered receiving area. Auto roll up door behind store. Nice forklift included. Pallet jacks. Clothing and display racks. Jewelry counters. Shelving and pallet racking. Two registers. Computers/printers. Includes massive camera/ security system.
Competition:
Nearest general discount store is over 5 miles away. This is a unique business and nothing quite like it in the county.
Growth & Expansion:
Adding items to sell in store is business as usual. Owners job is always to be finding new sources for items to sell at a discount.
Support & Training:
Current employees handle operating store front. Current owner will train new owner or manager on all aspects of running store including purchasing, sources and bookkeeping.
Reason for Selling:
Retiring.
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Business Listed By:
Tim Traxler

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