Price: $3,550,000
Location: Miami
Industry: Retail
Listing ID: 42734575
Listing Status: Reduced Price
Booming Party & Event Supplies Mega Store for Sale in Miami! Incredible 50%+ sales increase in 2021 vs. 2020. 56% net income increase in 2020, during COVID! This is a unique opportunity for an owner operator or investor, willing to make a solid entry or expand into this booming industry. This long-established Party Supplies Mega Store is the go-to place for everything related to parties in South Florida. With more than 6,000 items in 15,000 sf of store floor, this impressive retailer has become the dominant player in its area, with steady growth in sales and profits despite virtually no marketing efforts for several years. There are lots of potential upsides and additional growth possibilities, like extended hours, opening on Sundays, online sales, social media, rentals, etc. After 35 years the owner wants to retire and will facilitate the transition for 4 weeks at no cost. May qualify for a Visa. $1,000,000 inventory is included with the sale. SBA PREQUALIFIED!
Down Payment: $355,000
Total Sales: $2,435,782
Cash Flow: $852,523
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $300,000
FFE Included: Yes
Inventory: $750,000
Inventory Included: Yes
Year Established: 1987
Days & Hours of Operation: Monday - Saturday 9 AM-6 PM
Owner Hours Per Week: 40
Non-Owner Payroll: N/A
Real Estate: N/A
Monthly Rent: N/A
Type of Location: Warehouse
Square Footage: 15000
Reason For Sale: Retirement
Training & Support: Seller provides training for 30 days at no cost.