Business Summary:
Cat’s Music & Movies, in growing Summerville, SC, has lost its lease, and is for sale.The store, in business in the same location for over 20 years, is profitable and enjoys a good community reputation. But the store does not fit in with the current shopping centers owner’s profiled business plan.The sale of the store includes all inventory, fixtures, use of the CATS name, computer equipment with point of sale/inventory software, and sound system. Everything a new owner needs to reopen the store in a new location. Our trained employees may agree to employment with a new owner, and the seller will provide operational advice after the sale. The current 1,670 SF store location is 1305 North Main Street, in the shopping center between Walmart and Lowes in growing Summerville, SC. The Landlord has given us until Jan 31, 2016 to vacate the premises. Current approximate inventory is less than $70,000, $132,000 at retail. Asking/selling price will be the value of inventory is on the day the sale is closed. Estimated to be around $50,000 after Christmas and post-Christmas sell-off. All cash deal. Revenue in 2014 increased over the prior year, and 2015 sales should show another increase.
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