This established, high-end retail and distribution business sells a niche, but exclusive product line. Products include protected lines that only this particular business can sell in the greater Austin area. The business has a large customer base and three different selling channels. This business is very consistent, with a lengthy history and is on pace for $3.7 million in revenue and $715,751 in Seller’s Discretionary Earnings (SDE), respectively in 2016. The business and its brand could be scaled to different parts of the United States on a relatively inexpensive basis. The owner has also successfully built the team around the business, allowing the next owner to focus on strategy. The owner generally works 40 hours/week or less.
Competition / Market Outlook: While there are others that sell somewhat similar products, this business has protected product lines, an outstanding reputation, and occupies a strategic niche in the high-end market segment.
Growth and Expansion: The current owner believes revenues could significantly increase in the next several years, if they were to pursue certain strategic avenues. Since the owner wants to retire, this presents an opportunity for the next owner. The current owner has a solid support staff. This business has very attractive gross and net margins.
Reason For Sale: The owner wishes to retire.
Training: The owner will provide training as needed to the buyer.
Facilities: Retail hub and spoke model with retail customers who visit the store, a commercial set of customers, a professional internet presence, and salespeople who sell into the surrounding areas. The business could also be relocated to a different spot in Austin without much difficulty.
Financing: The owner will consider some financing for a well-qualified buyer.
Hours of Operation: Monday –Saturday 10 am - 7 pm, Sunday 10 am – 6 pm
Employees: 8 employees
Year Established: 1994
Sales Price: $2,400,000
Inventory: $193,000 *included
Equipment: $5,000 *included
Asking Price $3,500,000
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