Rent to Own in growing Southern Oklahoma - price includes inventory and receivables!!

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Furniture Businesses for Sale

After 30 years of success, this rent to own supercenter is ready for a new owner. The only independent rent to own store in Ardmore. Without advertising or developing a web presence, this location has over 800 active contracts with approximately $450,000 in receivables. From area rugs to washers/dryers this store has it all and everything comes with the asking price, including inventory, receivables and a long list of customers. One of the fastest growing areas of the state, the proximity to the Texas border is fueling all kinds of growth opportunities for the I35 corridor along the border and this store is positioned perfectly to take advantage of that growth.

Financial Information

  • $365,000 Asking Price
  • On request Cash Flow
  • $525,000 Gross Revenue
  • N/A Down Payment

Business Location

  • City: Ardmore
  • State: Oklahoma

Reason for Sale

  • Current owner has run the business since 1994 and is excited about a new opportunity after many successful years in Southern Oklahoma.

Detailed information

  • Year Established: 1992
  • Home Based: No
  • Franchise: No
  • Relocatable: Yes
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Fulltime Employees: 1
  • Part time Employees: 1
  • Contractors: N/A
  • Owner Worked Hours/w: 40
  • Adjusted EBITDA: N/A
  • Inventory Included: Yes
  • Inventory Value: $70,000
  • Monthly Rent: $3,000
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: $0
  • Building Size: 10000
  • FF&E Included?: Yes
  • FF&E Value: $40,000

Facilities

  • 10,000 (+/-) square feet of retail space along a heavily traveled road There is some space in the back used for storage that could be used as additional retail space.

Market Outlook/Competition

  • Southern Oklahoma along the I35 corridor is rapidly expanding. There are 3 other rent to own places located in Ardmore. 50,000 people live within 30 miles and over 100,000 within 50 miles.

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Business Listed by Sunbelt of Oklahoma City
Contact
Randy VanEgmond
Call Listing Broker 918-808-5220
Listing ID
OKLAHOK002-51848
Office Phone (405) 655-8744