Financial Information
Asking Price: $295,000 Gross Income: $875,500 Cash Flow: $135,000 FF&E: $111,000 (included in the purchase price) Inventory: $205,000 (Not included in the asking price) Financing: Seller will consider financing for qualified buyers with industry experience.
Summary Description Business is an old fashioned “Woolworth” style variety store located in the Seacoast, NH area. Product lines include hardware, frames, greeting cards, candy, toys, seasonal items, statuary, automotive, paint, pets, clothing, crafts and hobbies, keys, sewing, house wares, lamps, lampshades and the like. The Store uses a state-of-the-art POS software program to effectively manage the store, which is capable of handling multiple store locations. The Store presents an exciting opportunity to operate a variety store in a picturesque New England community. Increased advertising and a little attention to merchandising will position this profitable business to take full advantage of an eventual economic rebound.
General Information
Facilities: The Store occupies a 4,900 square foot storefront in a shopping center. The shopping center is centrally located and maintains a high profile in the local area. Support/Training: The seller is willing to train the new owner for a reasonable period of time. A longer period of transition, at a reasonable rate of compensation, is open for discussion to the right buyer. Lease: Rent currently is $5,200, triple net. Reason Selling: The Seller plans to relocate. Year Established: 1983 Employees: 8 part-time employees.
Contact Information
Wayne S. Michals
Tel: 866.970.7050, Ext. 100
Fax: 617.273.2620