WANT TO BUY OR SELL A PROPERTY?
615-519-5156
karen@tennbusinessbrokers.com
Business Sales, Mergers, & Acquisitions
Client Centered • Results Driven
Call to discuss your business:
615-519-5156
Asking Price: $999,999
Cash Flow: $3,140,621
Gross Revenue: $10,337,823
EBITDA: $3,167,653
FF&E: $130,000
Inventory: $3,500,000*
Rent: $8,000 per Month
Established: 2000
*Inventory is not included in asking price. Up to $3.5 million is available for purchase or consignment. To be negotiated but flexible.
Business Description
Super Retail Specialty Biz! 3 yr weighted ave cash flow $1.8 million!
Niche retailer with huge stock of new and used inventory for sale.
Landmark facility conveniently located in wealthy Middle TN.
Well established (20+ years)
• Rent is stable and below market with second five-year option available
• Three billboards under contract for advertising reach
• Excellent reputation as the largest retailer of this type in this state
• Clean financials
• Long history with multi-state customer base; lots of repeat clients; lots of new clients
Detailed Information
Detailed Information
Location: Williamson County, TN
Inventory: Not included in asking price. Currently running around $3,000,000. Owners willing to negotiate amount to transition with business but buyers should be aware the strength of the business is its significant and varied inventory.
Real Estate: Leased Building
SF: 6,400
Lease Expiration: 12/31/25 with a five year extension
Employees: 10-15
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Centrally located in the wealthiest county in Tennessee, minutes away from thousands of affluent households, large corporate headquarters, interstate highway I-65, shopping, and office areas. Below market lease. Friendly landlord. Well known area with 3 highly visible billboards under perpetual contract. The lease has an option to extend another five years to 2030. Monthly lease 2021—$8,000 2022—$8,175 2023—$8,400 2024—$8,600 2025—$8,850 These are all well below market for the area on a per square foot basis for retail locations.
Competition: No competition in immediate area. This niche retailer is the only specialty product/ service provider in town. Other scattered stores do not pose any foreseeable threat. Area is experiencing tremendous growth and demand for products/services is highly likely to continue as area is attracting residents and travelers with large amounts of disposable income.
Growth & Expansion: To increase sales, a new owner can choose to expand advertising and social media presence. • To increase inventory movement, a new owner may choose to expand their eCommerce presence. This would require one additional person to manage online presence, sales, and shipping.
• Great town to live in and do business in with high spendable income demographics, creating an above average opportunity to increase customer base.
• General migration to Tennessee is happening and the state is very friendly to this industry
• A new owner may choose to modernize their systems to help with compliance and inventory management, creating efficiencies in ordering and faster inventory turnover.” “Train staff more to develop expertise in product knowledge to increase sales further and free leaders to work on the business.” “Add on related products and services to diversify revenue streams.
• Create efficiencies. Delegate more.
• Staff more appropriately. Find and hire people with product knowledge to free leaders to work on the business.
• Add on related products and services to diversify revenue streams.
Financing: Sellers will consider some seller financing and can negotiate inventory
Support & Training:
The current owners are committed to a smooth transition. They will transfer their knowledge of the operations as well as their relationships
Reason for Selling: Retirement. Pursue other interests. Health