Internet retailer with brick and mortar store
Richmond, VA
| Asking Price: | $337,000 |
| Gross Revenue: | $900,000 |
| Rent: | $45,000/Year |
| Established Year: | 1990 |
| Cash Flow: | $110,000 |
| Inventory: | $80,000 |
| FF&E: | $5,000 |
Listing ID: 2247155Listing provided by BizBuySell
BUSINESS DESCRIPTION
This retail business has been in the RVA area for over 35 years. It sells luxury niche products to homeowners throughout the area and nationwide. 40% of sales are generated from the website with direct shipping from the manufacturer to the customer. This segment is highly profitable and can stand alone.
DETAILED INFORMATION
Location
Richmond, VA
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
31/07/2025
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The showroom is located in the heart of the city and easily accessible to all areas.
Competition
The demand for the products that this business sells is expected to grow by 5% annually for the next 5 years. There is also an opportunity to increase sales through internet visibility. Approximately 40% of current sales are directly shipped from the manufacturer to the customer, with no inventory involved. This opportunity can be significantly expanded through advertising and internet marketing.
Growth & Expansion
Achieving nationwide sales is definitely within reach if the new owner prioritizes internet marketing.
Financing
A small amount of financing that will allow a buyer to get an SBA loan is possible.
Support & Training
Following the closing, the owner will be on hand to ensure a smooth transition of customers, suppliers, and other associated parties to the new owner.
Reason for Selling
After 30+ years in the business the owner is ready to retire after a smooth hand
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