Established Lifestyle Retail Store in Historic District

Staunton, VA (Staunton City County)

Seller Financing Available
Storefront
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Asking Price: $425,000

Cash Flow: $100,000

Gross Revenue: $520,000

EBITDA: N/A

FF&E: $150,000

Inventory: $200,000

Rent: $5,000 /Month

Established: 1988

Established Lifestyle Retail Store in Historic District

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Business Description

Great Opportunity To Be Your Own Boss!

"Wilderness Adventure" is a lifestyle retail store located in the Middlebrook Suites building where the business has been a long-term tenant. The store occupies about one half of the building's rentable space and has been in business since 1988. Based on its proven retail model, "Wilderness Adventure" has enjoyed continued revenue and good profit margins while offering some very prestigious product lines that include outdoor equipment, sunglasses, and hard-to-find shoes and socks.
Acquiring this successful business is a tremendous opportunity for any entrepreneur.

Detailed Information

Location:
Staunton, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
7/31/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The retail store occupies 100% of the 1st floor rentable space of this charming renovated building and a portion of the 2nd floor as well. It's a desirable location in the historical wharf district of downtown Staunton with ample free customer parking in the adjacent lot.
Competition:
"Wilderness Adventure" is a one-of-a-kind retail establishment with a business model that has enjoyed a long track record of revenue growth and admirable profit margins. It offers many high-quality, well-known brand names such as Birkenstock, Dansko, Keen, Kuhl, Olukai, Patagonia, Teva, and The North Face. Some of these product lines are very difficult for other competitors to acquire once a well-respected dealer is established and successful.
Growth & Expansion:
Based on its proven retail model, "Wilderness Adventure" is a prime candidate for possible franchising or regional location expansion.
Financing:
Partial to Qualified Buyer
Support & Training:
The current owner and/or store manager will provide transitional training to a new buyer and support with maintaining the many product lines in display inventory.
Reason for Selling:
The current Owner is planning for retirement.
Franchise:
This business is an established franchise
Business Website:
http://www.wildernessadv.com
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(from currently available funds)
 
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Donn Meyerhoeffer

Business Listed By:
Donn Meyerhoeffer

Cottonwood Commercial

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