Party and Event Supplies Mega Store for Sale in Miami

Price: $3,550,000

Location: Miami

Industry: Miscellaneous Store Retailers

Listing ID: 42734575

Listing Status: Reduced Price

Description

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!

LISTING DETAILS

Down Payment: $3,550,000

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

Operation

Year Established: 1987

Days & Hours of Operation: Monday - Saturday 9 AM-6 PM

Owner Hours Per Week: 40

Non-Owner Payroll: N/A

Location

Real Estate: N/A

Monthly Rent: N/A

Type of Location: Warehouse

Square Footage: 15000

Summary

Reason For Sale:

Retirement

Training & Support:

Seller provides training for 30 days at no cost.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER