Liquidator of name brand Clothing, Shoes, & Home Goods For Sale!

Fayette County, GA

Liquidator of name brand Clothing, Shoes, & Home Goods For Sale!
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Asking Price: $600,000

Cash Flow: $236,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $50,000

Inventory: $150,000

Rent: $40,376,700 /Month

Established: 2017

Liquidator of name brand Clothing, Shoes, & Home Goods For Sale!

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Business Description

Retail liquidator of overstock men, women, & children apparel, designer shoes, sneakers & handbags, home goods (i.e. bedding, kitchenware, furniture), toys, baby products, and other accessories for re-sale mainly from Macy's, Bloomingdale's, & JC Penney department stores. The merchandise sold may include a small stock of deeply discounted gently used goods consisting of floor samples and returned items.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,525
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Retail store in commercial area offers below market rent Open only 8 months, this cash cow business has surpassed all expectations and is on trend to generate gross sales of $1.2 - $1.4MM for FYE 12/31/18.
Competition:
The store draws customers from the local Fayette and metro Atlanta area, as well as out of state as far as N.C. Florida, and Alabama! There are competitors in the direct area that re-sell and liquidate high end and designer merchandise. The closeout competitors are discount retailers such as Steinmart, TJMaxx, Ross.
Growth & Expansion:
Opportunity for growth includes expansion of product line (i.e. home goods, children, child safety, shoes and electronics). Opportunity to open additional store locations and or franchise operations.
Support & Training:
2 weeks provided by Seller
Reason for Selling:
other interests
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Nicola Roberts

Business Listed By:
Nicola Roberts

Transworld Business Advisors of Atlanta

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Sponsoring Broker:
Jon Roman

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