Active
2023-07-15
Well established retail store specializing in the sale and installation of auto & truck electronic equipment including stereos, speakers & amplifiers. They also sell auto & truck wheels & tires, and do window tenting and auto repair all of which represents approximately 60% of the total business. Home furniture, beds, and mattresses under band names such as Coaster Furniture, Furniture of America, Crown Mark Furniture, and Home Elegance which accounts for approximately 40% of total sales. The facilities include a large show room and installation shop area. The store is located in a busy shopping center with frontage on Fondren.
Listed By: Jeffrey Jones
Background information
Reference:
82493
Year established:
2020
Reason selling:
Wants to expand real estate investments
Finance
Sales:
$915,128
Profits:
$323,891
Profit type:
EBITDA
Operations
Employees:
1 Store Manager & 3 employees
Inventory:
$183,254 at cost.
Furniture fixtures and equipment:
Includes store counters, displays, shop lifts and related shop equipment.
Premises
Facility:
Retail store with large display room and shop area for installation of auto accessories, tires, & wheels.
Square footage:
4,653 Sq. Ft.
Rent and lease terms:
Gross rent is $8,934 p/m expiring 5/30/25 with two 5 year options with a 10% rent increase..
Location:
West Houston area
Price and terms
Price:
$495,000
Down payment:
$247,500
Financing:
Seller financing available. $247,500 Down Payment, and Seller Note for $247,500 for 5 years @ 6% = $4,775.20.
Training:
As needed