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Business for sale in Texas
Company Details: Associate Equity
 Business for sale - Business id - 36744-Large Multi-Departmental Retail Store
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Large Multi-Departmental Retail Store

 
Sellers Ref: (2029)
Location: Texas
Category: Retail
 
Financial summary
Asking Price: $ 8,000,000
Sales revenue: $ 7,153,000
Net profit: $ 1,190,000
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
 
Business description

Our Client, established as a C Corp in 1963, is a large, departmentalized retail facility consisting of hardware, lawn and garden, toys, pet supplies, jewelry, auto, arts and crafts, school and office supplies, groceries, sporting goods, firearms, and hunting & fishing accessories. The business is affiliated with a national franchise that provides an easily recognizable name associated with reputable products and service. This store prides itself on the one-on-one attention it can provide customers and on its outstanding relationship with the community. Their service, combined with a central location, versatility of knowing and fulfilling the product needs of the community, and good pricing, enables the store to not only prosper but to increase market share year after year, despite the influx of big box competitors that typically garner the majority of business from local operations. Marketing is handled by the corporate franchise office, and through word of mouth from satisfied customers.

The store is located in the heart of one of the rapidly growing communities surrounding the Dallas-Ft.Worth Metroplex. Customers are both local and from the surrounding counties. Customer visits average about 3,000 per day with this number growing continuously. The store is housed in a 30,000 sq ft stand-alone facility. Loading dock, some warehouse space, and offices are on site in addition to the large retail area. The ability to utilize the franchise warehouse nearby enables rapid replenishment of products while, at the same time, not requiring this business to also manage a large warehouse space.

The store is run by its principals who own equal shares of the business and who are active in the day to day management/operations. They are assisted by family members who are also instrumental to daily operation of the store. Approximately 30 full and part-time employees handle department management and supervision, sales floor, and office clerical positions.

 
General Information
Years established: 1963
Employees: 30FT
 
Other Information
Support Traning: Seller will assist with transition




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