MergerPlace

Leesburg Area Profitable Retail

Virginia


  • Asking Price: $890,000
  • Gross Income: $1,821,058
  • Cash Flow: $256,604
  • Real Estate: Not Disclosed
  • Inventory: $400,000
  • FF&E: $25,500
  • Listing ID: #205279
  • Established: 1936
  • Employees: 4 FT/ 8 PT

Business Description

This is a rare opportunity to own a successful established business, loved by the community it serves, in a fast growing area! The owner enjoys a part time schedule and relies on long term experienced staff to provide excellent customer service and day to day operations. This is a very unique store, with an outstanding reputation, catering to the outdoor industry with a wide array of mdse and brands recognizable all over the world.

While other’s are affected by online shopping, this business is still going strong and believes in the value of the brick and mortar shopping experience of seeing, feeling, and trying on mdse. ! They have also adjusted to this trend by maintaining a heavy online presence and website, and ship all over the country. This company has earned the trust and respect of their customers over the years, evidenced by their loyal following, experienced long term staff, and years of service to the community. Owner is willing to negotiate transition to ensure success of new owner.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Virginia

Company Information

Year Established: 1936
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT/ 8 PT

Financial Information

Asking Price: $890,000
Gross Revenue: $1,821,058
Cash Flow: $256,604
FF&E: $25,500
Inventory: $400,000
Seller Financing Available: No

Property Information

Facilities:

The store is located in 7,000+ square foot facility in the western part of Northern Virginia. The business is known for it's ease of access for customers with plenty of parking available.

Growth & expansion opportunities:

The retail clothing industry is one that does evolve and change. Keeping up with those trends always offers new ways to create income streams and get creative on growth opportunities.

Competition:

There is competition, however none of the competing stores have the history. Competitors seem to come and go however the businesses and customer base has a great loyalty to the store. The store has also adjusted to the market's online trends. It is hard to match the employees, experience, culture and location that this business has achieved.

Reason for selling:

After being in the business for 4 decades, the Business Owner has decided to pursue one last career change and challenge prior to retirement.

Support & Training:

Will train for 4 weeks @ no cost. Work Boots - safety toe (steel and composite) and insulated/regular styles for men and women Western Boots - Men, Women and Children Work Wear and Rugged Outdoor Clothing / Scrubs / Jeans Men's and Women's Apparel and Accessories Western Clothing and Accessories Fire Retardant and High Visibility Clothing

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Business Listed By:

Richard Halterman

Murphy Business Brokers