MergerPlace

Magic and Novelty Store

Florida (Miami-Dade)


  • Asking Price: $95,000
  • Gross Income: $268,930
  • Cash Flow: $59,570
  • Real Estate: Not Disclosed
  • Inventory: $7,500
  • FF&E: $8,000
  • Listing ID: #212015
  • Established: 2003
  • Employees: 2 FT / 2 PT

Business Description

Magic and Novelty products retail store established 15 years ago. Excellent location in one of the best known malls in the downtown-midtown area of Miami, with 21 million visitors a year. Business is ran absentee, financials shown assumes an owner operator. Stable business with high margin products and no competition in the area. Growth opportunities through internet and social media, which have not been implemented. Owner operator should be capable of improving the performance of the business.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Florida
County: Miami-Dade

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 2 PT

Financial Information

Asking Price: $95,000
Gross Revenue: $268,930
Cash Flow: $59,570
FF&E: $8,000
Inventory: $7,500
Seller Financing Available: No

Property Information

Facilities:

Located in one the the most visited malls in the area (21 million visitors a year). Space is 300 sq ft and rent is $8,985 a month.

Growth & expansion opportunities:

The business does zero advertising at the moment. An advertising effort and presence in the internet and social media should help the business grow. Current owner is absentee, an owner operator should be capable of improving the performance of the business.

Competition:

Limited competition in the area.

Reason for selling:

Seller has other businesses.

Support & Training:

Will train for 1 week @ $0 cost. Management and sales skills.

Contact Business Seller

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Business Listed By:

Andy Fischer

Murphy Business Brokers