47 Y/O Highly Profitable Retail & Service Business - 35650

Financing

$195,000 Down and $80,000 over 3yrs. @ 7.5%

Business Description

Highly Profitable Retail & Service business for sale. Price Reduced! Seller due to health concerns. Tremendous profit margins. The business has become a community landmark over the past 47 years. They have built a very large and loyal clientele, both private and corporate, in this affluent N Shore town. They handle wholesale and retail sales with 2 full time employees and 3 part-timers. Cost of Goods is very low and hours of business are very reasonable for retail. OPEN ONLY 6 DAYS/WK. (M-F 9:30am-6pm, Sat. 9:30am-5:30pm, Sun. - CLOSED). They have seen year over year growth since 2019, except for a slight pullback in sales during the pandemic. In the past 12 months, the business grossed approx. $540,000.00 with an owner’s cash flow of approx. $125,000.00. The store is a spacious 3500 sq. ft. with full 3500 sq. ft. basement, fully equipped. The rent is only $5,108/mth and the lease can be extended for a well-qualified buyer. You can sublet the space as well. This is an excellent business that would be perfect for an owner/operator. We are seeking a serious and financially qualified buyer with at least $195K in liquid funds. The ideal buyer would be full-time owner-operator or family, ideally with some background in woodwork or carpentry. The current owner is willing to stay on for a lengthy training and transition period. Proof of funds will be requested before any buyer-seller calls or meetings. All meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.