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Listed by:

Ace Business Brokers

Broker license number: 01820673

High Retail Inventory Included Comics DVDs And Records For Sale

Woodland Hills, California - South
Asking Price:
$399,000 (USD)
Sales Revenue:
$450,000 (USD)
Cash Flow:
$300,000 (USD)

Summary Description

Annual sales and adjusted net income would be for a new owner operator who opened online presence and draws down on the tremendous amount of inventory in this store. Current Seller is old school, no email, no cell phone, no point of sale, no inventory management, only 22 years of small business ownership and haggling skills, developing a fine eye for buying and selling all kinds of paraphenalia. 2700 square feet of space packed to the gills with comics, dvd's, cd's, records, movie posters, collectibles, back-issue magazines, movie cells, baseball cards, star wars gear, I mean you really have to see it to believe it. Too many "treasures" to list in one advertisement. This is a lifestyle business, and the Seller has made this store his vehicle to a hard-earned retirement, investing all profits of the business year after year into acquiring better and better inventory as every day passes. Last week he sold one box of comics for 12,000, and he's got dozens and dozens of these kinds of boxes in his possession. Seller will take financing over 10 years at 0% interest for 1,250 per month as show of good faith and goodwill to making the deal. Perfect for internet savvy investor or ideally owner-operator who can market utilizing available channels like eBay and Comic websites etc...to leverage the existing inventory to provide a satisfactory return on investment. Over 1,000,000 in replacement value inventory, or approximately 400,000 individual units according to Seller's estimate. NDA is required for exact business address.

General Information

Facilities: In corner of U shaped retail strip plaza on busy Ventura Blvd. Same place for last 12 years.

Competition: Comics are a niche industry with extreme customer loyalty and retention especially Comic Book Wednesdays when all new releases come out.

Growth and Expansion: Unlimited potential given the inventory in the store.

Support/Training: 2 months at least. Seller loves the business, so will stay as long as you want him to probably.

Reason Selling: Retirement.

Year Established: 1988

Employees: 1

Property information

Real Estate:

Lease

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