RETAIL HOBBY STORE
Location: New Mexico > Bernalillo County > Albuquerque
Industry: Retail Stores > Other Retail Stores
Financials
Asking Price: $195,000
Gross Revenue: $564,863
Cash Flow: $64,267
Inventory: $100,000 (Included in Asking Price)
FF&E: $25,000 (Included in Asking Price)
Seller Financing: Financing available with down payment of $30,000
Business Summary
The business is a long established hobby retail store catering to the needs of the ever expanding hobby market. The company's focus is towards middle and upper end remote controlled cars, planes, helicopters, and boats. Coupled with a large selection of remote control products the company has a full selection of remote parts and a complete remote control service department. Additionally, the business has a large selection of plastic models, new and used Hot Wheels - Matchbox cars, slot cars, and die cast cars. All equipment instrumental to the operation of the business is included in the sales price. The business to include all furniture, fixtures, equipment (per list), $100,000.00 of product inventory, trade name, covenant not to compete, and training is offered for sale for $195,000.00. The seller will finance 10% of the sales price and it is anticipated that bank financing would be available for the balance with a down payment of approximately $30,000.00.
About the Business
Facilities: The business is located in approximately 2,253+/- square feet of leased space in Albuquerque, NM. The monthly rent is $1903.77 and the current lease expires September 30, 2011.
Market Outlook and Competition: The businesses market share is increasing due to the company's reputation for high quality products, competitive prices and timely performance.
About the Sale
Management Training and Support: Seller will provide training for a period of time.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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