This athletic supply business has sales of $1,549,673 in 2015-2016 tax year. Officer salaries was $135,550. Rent was $59,000. New rent will be $84,000 per year, so Officer Salary will fall to $110,550 with a new lease. Profit after all expenses was another $6,642 after owner’s salary. Owner is willing to sell real estate, a 6,000sf stand alone retail center for $2,600,000 or lease at $84,000 per year. Or owner can relocate the business. About 30% of sales are on the internet. Wholesale value of Inventory fluctuates between $200,000-$300,000 and is in addition to the $420,000 sales price.
Inventory: Not included in asking price
Real Estate: Leased
Building SF: 6,000
Lease Expiration: 12/29/2028
Facilities: 6000sf building on one acre is for sale for additional $2,600,000.
Competition: Great business for somebody who loves athletics.
Growth & Expansion: Internet sales is best way to grow the business. Currently at 30% of sales
Support & Training: Sellers will train buyers.
Reason for Selling: Retire. Four owners. 2 are paid as employees and will stay to help run.