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Newly Opened Book Store
Location Florida,United States
Asking Price Range < $250K
Gross Revenues $85000
Net Profit / Cash Flow $45000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2012
Number of Employees 1 - 3
Inventory 62000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Will train as necessary
Reason for Sale Owners health
Description Located in the largest City in SW Florida between Tampa and Miami. The Only seller of New Books in the city. Roughly 10,000 cataloged new and used books, children story hours and reading clubs, hosts several local book clubs, next door to a Dunkin Donuts in a HIGH TRAFFIC area of Veterans Parkway and Santa Barbara Blvd.
Offering Poetry Slams on Friday evenings, Singles Meet and Greets on Saturdays. Grand Opening is scheduled for 1/1/2013. Currently running a soft opening without advertising and netting $100-$200 per day in sales.
Bank approved note on business plan of $50,000. Currently has all fixtures in place (both hand made and IKEA shelving) very commercial looking business, with reading areas, lounges, and WIFI. Custom computerized Point of Sale computer system with Amazon affiliate for special orders.
Owners health is declining and we need to sell.
Inventory 10,000 books $50,000 retail value
Fixtures $12,000
5 year lease in place with options for a second 5 year term available. Anticipate first year revenues to top $45K net to owners can easily double with advertising and an internet web store (website and merchant services are in place)
Pictures are available on request. This is a franchise worthy business, no musty books or dark corners, bright cheerful and inviting. We were emulating the Seattle/New York City community Book Store environment.
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