College Bookstore - Rapidly Growing
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $5294878
Net Profit / Cash Flow $408822
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 50 - 99
Inventory 325000
Relocatable Not Disclosed
Number of Employees 50 - 99
Real Estate Leased
Training Reasonable training and transition support will be provided.
Reason for Sale Seller has other business interests.
Description This business specializes in retail with growing internet sales. Revenue has reached $5,294,878 in the 12 months ending 12/31/2011 and the business is on pace to achieve revenue of $6.23M in the 12 months ending 12/31/2012. The business has 5 locations, two of which have been open less than one year and specialized software provides a competitive advantage and allows web based real time management of all facets of the business!
The business faces competition, primarily in the form of larger national businesses that are higher priced. The market will be somewhat stagnant, however the opportunity to growth within the market appears bright.
The business has done very well with focus on the core of their product offering and their low overhead has proven to provide a competitive advantage. The competitors offer a large line of soft goods at higher margins and this provides a very good opportunity for a buyer with merchandising skills. The business develops general managers internally and has four prospects available for new store openings, which are being considered for fall of 2012.
The business has 5 locations that range in size from 1800 sq ft to 2700 sq ft with an average rent of $3,600 per month.
The stores are open from 10:00 am to 6:00 pm Monday thru Friday and some Saturday hours are offered at selected stores. The business does increase hours during busy times.
There are seven permanent employees that include four general managers, a programmer, a warehouse manager and a warehouse assistant. The business also employs approximately 50 part time employees (this increases to 130 during busy periods)
The business was established in April of 2007. The asking price is only 3,100,000!
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