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Hip Hop Island Retail Store For Sale
Location Northern Mariana Islands
Asking Price Range < $250K
Gross Revenues $51745
Net Profit / Cash Flow $30000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 1 - 3
Inventory 60000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training If needed easy to do...Includes travel.
Reason for Sale Time to finish my little resort in Thailand!
Description $55,000 quick sale: Hip Hop Island is a badass small retail store with a hip hop and island reggae themed inventory of apparel and body bling jewelry alongside a skateboard section. The store caters to the over 11,000 students in the district and is located on a tropical island. The store comes with complete inventory of over 30k in wholesale products. Turnkey operation. It's a small set up with a low rent of 300mo for the space and a stand alone apartment is available on the top of the store for 300mo...power is hooked to both for about 180 a month so all costs for store and house with utilities are under $800 mo..last years monthly average sales were pegged at $4,239.92..highs of about $11,500 a month and a low of about $2,800 a month. This is a great opportunity if someone wants to get away from the rat race and live in paradise for a while at the same time sell some cool stuff and make decent living on the island...everyone tells me to go big and open a larger store as surely it would rock and make even more money but I never have...basically you can do about 50-75k annually if you work everyday...Im open 11-8 MS and 11-5 Su..but I also take a few vacations a year...shoot over to Thailand to do some wholesale shopping for the store.I can also take you there at my cost to show you the inside to purchasing, I also shop in LA garment district when I'm back in LA...but now I want to finish my lil' resort in Thailand so I need to bail on this great store I've had for the past 6yrs...again...this is a great opportunity....you could even franchise it....So I'd like to take about 55K on the quick sale and I'm out....valuation would likely be well over 100k...and theres no sales tax here...just email or call me at 510-258-9380 and I can set you up in paradise...also...u can email me for pics and other info..
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