REDUCED PRICE: Kalamazoo Co. Party Store (Under Contract) |
|
Business Summary:
|
PRICE REDUCTION IS YOUR GAIN.. Seller is motivated and is looking to retire... Willing to sell below the underlying value of the liquor license alone. Landlord is willing to reduce rent through the summer of 2020 with a ongoing reduced rent structure after August of 2020. Asking 90,000 plus inventory. High volume, great location, full service party store with close to 2 million in annual revenues for the last several years is looking for the right buyer to take the helm. This store caters to a diverse crowd with solid sales in alcohol & beverage, food and merchandise as well. Long standing and established in Kalamazoo County in an extremely desirable location, within the vicinity of a large student population, this opportunity has definite potential for a high return on investment. This store is highly rated on social media with a large following creating great opportunity and room for growth.
|
|
Listing ID:
|
ABA18085246-90
|
|
Location:
|
Kalamazoo County
|
|
Type of Business:
|
Retail Party Store, Convenience Store, Wine Beer and Spirits
|
|
Asking Price:
|
$90,000
|
|
Gross Income:
|
$1,800,000
|
|
Cash Flow:
|
|
Inventory:
|
plus inventory
|
|
FF&E:
|
Included
|
|
Year Established:
|
Long Standing
|
|
# of Employees:
|
23 - 1 FT / 22 PT
|
|
Facilities / Lease Terms:
|
4200 sq feet located in a clean retail strip center.
|
|
Real Estate:
|
Property is leased
|
|
Growth Opportunity:
|
2016 and 2017 were slowed down due to major events outside the control of the business owner, and 2018 is tracking and projected to be at expected target levels. There is plenty of room to grow, especially with a savvy online digital marketing strategy. An active owner should see increased returns immediately. There are additional revenue streams the current ownership has yet to explore, but is willing to share those ideas. An experienced owner or one that is adept in marketing, merchandising with an understanding to optimizing margins will find this opportunity highly rewarding and lucrative.
|
|
Competition:
|
Although there is plenty of competition in this space throughout the county this business has always thrived and is poised to create great returns for the right owner. Location and tradition are some of the key ingredients that keep this business viable and extremely successful.
|
|
Financing:
|
|
Support & Training:
|
The seller will provide training to help the purchaser take over operations. This will help in providing a smooth transition while learning the business and its operating activities, gaining an understanding of the customers and vendor partners, and building a working relationship with the employees.
|
|
Reason for Selling:
|
Seller wants to retire and is looking for qualified buyer that will take pride in maintaining the integrity and reputation that has been established. Seller will provide a professional transition.
|
|
Broker Contact:
|
E. Brad Scoffin – Advanced Business Advisors, LLC
Direct: 269-903-8143 Fax: 248-564-5259 E-mail: Brad. Scoffin@AdvancedBusinessAdvisorsLLC.com |
|
|
*The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility.
Above information is subject to change and/or correction and should not be considered binding.
