The store has been in business for over sixty years. Seller states the store is as solid as a rock as sales for the last three years averaged over $14,000,000 and the seller’s discretionary earnings for 2023 were $1,625,000.
Price includes approximately $520,000 of furniture, fixtures, and equipment. The inventory of 1M is not included in the price. This turnkey business has a well-trained, knowledgeable staff, including multiple full time managers with a combined experience of over 40 years. The store presents nicely and is located in a desirable high traffic area with 27,000 cars passing by daily according to ardot.gov.
Retiring seller will consider financing a small portion. Interested parties will be required to state the amount and source of funds. Detailed information will be provided by completing a confidentiality agreement and supplying financials. Move quickly by contacting [email protected] or 501-681-0741.
Financial Information
$7,000,000
Asking Price
$1,625,114
Cash Flow
$13,896,000
Gross Revenue
On request
Down Payment
Yes
Financing
Business Location
City:
Arkansas
State:Arkansas
Financing Comments
Seller will consider some financing for a qualified buyer
Reason for Sale
RetirementRetirement
Detailed information
Year Established:1960
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:Yes
SBA Prequalified:Yes
Full-Time Employees: 19
Part-Time Employees:11
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
$1,625,114
Inventory Included: No
Inventory Value:
$1,000,000
Monthly Rent:
$18,341
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 10590
FF&E Included?: Yes
FF&E Value: $520,000
Training/Support
Training will be provided by sellers post closing to help insure a smooth transition.