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Furniture & Electronic Store - Murphy RD
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 minor auto repair all of which which represents approximately 85% 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 15% 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 Murphy Rd.
Listed By: Jeffrey Jones
Background information
Reference:
82494
Year established:
2020
Reason selling:
Wants to expand real estate investments
Finance
Sales:
$603,422
Profits:
$169,585
Operations
Employees:
2 store managers & 3 employees.
Inventory:
$60,000 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:
4,200 Sq. Ft.
Rent and lease terms:
Gross rent is $5,000 p/m plus triple net charges on a 5 year lease beginning 2-1-2022. with a five year option at $5,500 P/M.
Location:
Southwest Houston area
Price and terms
Price:
$426,000
Financing:
Seller financing available. $149,100 Down Payment, and Seller Note for $276,000 5 years @ 6% = $5,353.5 p/m.
Training:
As needed