Unique High Margin Retail-Three Locations-$543,268 Adjusted Earnings

Providence, RI (Providence County)

Unique High Margin Retail-Three Locations-$543,268 Adjusted Earnings
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Asking Price: Get Financing: $2,485,000

Cash Flow: $543,468

Gross Revenue: $3,117,208

EBITDA: N/A

FF&E: N/A

Inventory: $100,000

Real Estate: $2,825,000*

Established: 1984

*not included in asking price.

Unique High Margin Retail-Three Locations-$543,268 Adjusted Earnings

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Business Description

Casual Furnishings-Unusually Strong Financial Performer-Multiple States

Major three location branded store for premium outdoor casual furnishings operating in two states.

Revenues of $3,117,208 in 2017 with adjusted earnings of $543,268. This company is a consistent generator of adjusted earnings of +15% of revenues which is rare for such a business model.

Price includes $100,000 of inventory.

Very high traffic locations at two state lines. This company is a standalone operating division of a larger holding company with unrelated business holdings.

Real estate being sold separately with business for $2,825,000 (pending new appraisal).

Unique business model which delivers an unusually good financial performance with growth.

Real estate is being managed by a third party RI licensed broker. Recent leasehold improvements exceed $370,000. The main showroom is approximately 20,000 sf. with several other buildings (warehouse, tenant) having a total square footage of approximately 36,000 sf. on two acres of well maintained property. Two of the units are owner occupied the others are tenant occupied.

Unusually profitable niche outdoor casual furnishings business with top branded lines and many repeat customers. Further upside possible by growing the existing high quality ecommerce web site as well as counter seasonal products.

This highly confidential sale-one of the largest "business for sale" listings in the Northeast--is a potential match with strategic buyers, high net worth investors seeking to leverage their marketing abilities, and serious on-line investors who can transition a cash generating brick and mortar powerhouse to a major on-line presence.

The level of cash flow, operating history, and the strong likelihood of SBA 504 with 7 (a) financing makes this an investment candidate for cash flow investors

The marketing of this listing is supported by high quality CPA prepared financial statements.

Executive summary provides detailed overview. Please contact us now for the executive summary.

Very few listings in the Northeast market offer this combination of this level of cash flow with a high quality real estate asset.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
14
Facilities:
Three separate facilities located off major highway. Main retail location has a 9,000 SF warehouse.
Competition:
No direct business model competitor in this market.
Growth & Expansion:
Continue the growth of the company's internet division.
Support & Training:
Two weeks equivalent of management transition. May then consult if acceptable deal structure and consulting agreement.
Reason for Selling:
Retirement
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Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

Show Phone Number

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).


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