Business Summary:
Established In 2002, This Store Has Been A Thriving Car Audio Shop Since Its inception And Is Located On A Primary Boulevard In Costa Mesa, California. Its Signage And Store Stands Out Exceedingly Well And There Are Major Car Dealerships And Other Major Businesses Nearby On The Same Street. The Price Has Been Reduced From 280,000 To 159,000 To Accelerate The Sale As One Of The Partners Needs To Relocate. The Seller Has Indicated That The Price Will Go Back Up If A Sale Does Not close before January 1, 2009. The Sale Includes 35,000 In Inventory And 23,000 In Furniture, Fixtures & Equipment. The Owners Will Train And Consult After The Purchase. The Present Owners Had Previously Owned The Store And In The Summer Of 2008, Bought It Back From The Party Who Purchased It From Them In December, 2006. Since They Have Taken Back The Store, The Income Has Steadily Been Increasing. The Adjusted Net Profit Has Been Annualized From The Months Of May through September 2008. Those Are The First 6 Months Since The Owners Have Been Operating The Store Again. The Lease Is Good And The Store Is Being Operated By A Small Staff That Is Generating Significant Income. The Expenses Used To Derive An Annualized Adjusted Net Income Does Not Include Salary For A Manager As It Is Assumed That The New Owner Will Be Managing The Store. The Lease Security Deposit Is Not Included In The Sale. We Invite You To Visit Us At www.silverbirdge.us.
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| Year
Business was Established: 2002 |
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
The amount of the monthly lease is $4,400. This part of the 5-year lease ends in 2012 and the 5-year option ends in 2017. The Owner will transfer the lease to the new Owner. The lease security deposit is not included in the sale. |
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| Potential
Growth/Expansion:
Owner advises to continue the following: advertisement, provide good service, maintain good customer relations. And he also advises: get a website, include certain products, advertise places he hasn't had time to develop |
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| Competition:
The Store has been in operation since 2002 at the same excellent location and so is well-known and highly visible on one of the major streets in Orange County. Most importantly, the Store has an Install License. This license is very difficult to obtain and most stores do not have it. Competition from other stores has not been an issue. |
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| Owner
willing to train:
The Owner will train and provide consulting after the training period is completed. |
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| Reason for selling:
The Owners are dissolving their partnership. |
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Seller Reference Number: 7-B-8
BusinessMart.com Listing Number: 44673 |
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