Sold
Surfboards - Skateboards - Accessories
CONTRACT PENDING
Retail Store located on A1A in Daytona Beach featuring surfboards, boogie boards, skateboards, apparel, and many other beach accessories. Also, they rent surfboards and offer lessons of various levels. Both pedal and electric bikes are available to rent as well as golf carts. This 18 year old business also has a wholesale business with many loyal customers to compliment the retail store. This is a great business for a buyer that is looking for a business to grow. This will not last long at this price.
Listed By: Paul McNally
Background information
Reference:
4162-05035
Year established:
2004
Reason selling:
Retirement
Finance
Sales:
$593,591
Profits:
$142,205
Profit type:
Discretionary Earnings
Operations
Employees:
1 Full time, 1 Part time
Inventory:
$30,000, included with asking price
Premises
Facility:
Retail store located on A1A in Daytona Beach.
Square footage:
2275
Rent and lease terms:
$2,650 per month lease. Lease goes until 12/31/24. Additional option is available for qualified buyer.
Location:
Daytona Beach. Additional wholesale business included selling to other stores.
Opportunities
Growth:
Also included is a wholesale business that sells to many locations on the southeast coast. This part of the business could grow with new energy and marketing.
Market:
While there are other retail stores that sell the same type items, this business has 18 years of brand recognition. Many locals have become regular customers.
Price and terms
Price:
$299,000
Down payment:
$299,000
Training:
Seller will provide 2 weeks of training and indoctrination at no cost to buyer.