Listing Number 10500

Keywords: Retail, Low Cost Merchandise, Charlotte, Multiple Stores, and Strong Cash Flow. SIC 53, 5331. This growing and very profitable merchandise company boosts a superior image, quality products and services, and is located in one of the fastest growing metropolitan markets (Charlotte, NC) in the country. The company was created a little less than 10 years ago and through the application of very sound business management and exceptional networking, the owners have built the business into a growing and increasingly profitable company. The company sells general low cost but good quality merchandise to walk-in traffic at multiple locations throughout the Charlotte metro market. The customer base is very diverse and ranges from high to low-income families or individuals and businesses. Due to the owners’ professionalism, organization, quality minded staff, and management of the operation, the opportunity for future growth is extremely high for an energetic buyer in the current market. This company could double its current operations by adding additional stores as the owners have done in the past. Past expansions were a result of the company’s own financial resources and no debt was incurred for expansion. All facilities are leased and the purchaser would have to take over or negotiate a new leases. The owner is willing to consider multiple owner financing options for a qualified buyer. The $240,000 down payment is based upon general bank requirements of the buyer putting down 20% on the business and the bank financing 80%. This business is available for referral and/or co-brokerage.

Furniture, Fixtures, & Equipment:

$ 113,000

Asking Price:

$ 900,000

Vehicles and/or rolling stock:

$ 0

Down Payment:

$ 240,000

Inventory

$ 265,000

Accounts Receivable (if included)

$ 0

Annual Sales Volume

$ 2,676,854

Land & Building (if included)

$ 0

Cash Flow

$ 303,801

Other Assets

$ 0

Current Liabilities to be assumed

$ 0

Current Notes to be assumed

$ 0