Bicycle Shop - Prime Santa Monica location
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Background
| BizEx ID: | BizEx1017-EM |
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| General Location: | Santa Monica, CA |
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| Category: |
Retail
Miscellaneous Retail
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| Years in Business: | 35 |
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| Under Present Owner: | 35 |
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| Hours of Operation: | Tuesday - Saturday; 10:00 am - 3:00 pm |
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| Owner Hours: | Tuesday - Saturday; 10:00 am - 3:00 pm |
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| Training: | 2 weeks @ 20 hours |
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| Organization Type: | Sole proprietor |
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| Lease Expiration: | New 3 - 5 year term |
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| Lease Options: | |
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| Building Size: | 1200 |
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| Employees: | 0 |
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| Reason for Sale: | Retirement |
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Financials
| Asking Price: | $59,000 |
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| Down Payment: | Negotiable |
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| Gross Sales: | $100,000 |
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| Discretionary Cash Flow: | $30,000 |
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| FF&E: | $10,000 |
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| Inventory Included? | Yes |
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| Inventory: | $50,000 |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $4,200 |
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| Financing: | Buyer |
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|
2016 | 2015 | 2014 |
| Gross Sales |
$ 98,000 | $ 122,000 | $ 150,000 |
| Gross Profit |
$ 70,000 | $ 90,000 | $ 100,000 |
| Disc. Earnings |
$ 30,000 | $ 40,000 | $ 50,000 |
