This is a highly successful retail chain selling niche and specialty products. The sale includes nine retail locations across the Puget Sound area. The business is not a franchise. The business is well-run and well-managed, allowing two of the owners to be completely absentee while the third owner oversees the business while living out of State. Each store is managed by a store manager. In addition to the store managers, there is also a general manager and assistant buyer. After 30 years of running the business, the owners are ready to retire. This is a rare opportunity to acquire a highly successful specialty retail chain and grow it to the next level.
Each of the nine locations are strategically located with excellent leases in place. The sale includes all nine stores + a delivery truck that moves inventory between stores. Inventory levels fluctuate throughout the year. Inventory level in fourth quarter is around $2.5 million for the holiday season, and will come down to $1.5 million by January.
Competition / Market Pros & Cons
This specialty retail chain has a very loyal and almost fanatic customer base that wants to collect the latest items carried by this chain. Approximately 72% of the customers are repeat customers. This customer base craves the in-store experience. As a result, this retail chain has been affected very little by Amazon or the growth of online shopping.
Growth and Expansion Pros & Cons
The owners have done a great job building a solid chain of stores. As a result, revenues have been growing year after year. At retirement age, the owners are looking to pass the baton to the right person who can continue the vision and take this chain to the next level.
Support / Training Available
Sellers are willing to train. Details negotiable.
Reason for Selling
Seller Will Provide?
Cash at closing. Broker can assist buyer with obtaining bank financing.