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Furniture & Electronic Store - Alief
Well established retail store specializing in auto repair and body work which represents approximately 65% of total sales, and the sale and installation of auto & truck electronic equipment including stereos, speakers & amplifiers, tires, wheels, & window tinting, representing approximately 25% of total sales, and Home furniture, beds, and mattresses under band names such as Coaster Furniture, Furniture of America, Crown Mark Furniture, and Home Elegance which accounts for approximately 10% of total sales. The facilities is a free standing building and includes a large show room and 8 bay auto repair shop. The real estate can be leased or can be purchased at $1.4 million.
Listed By: Jeffrey Jones
Background information
Reference:
82495
Year established:
2010
Reason selling:
Wants to expand real estate investments
Finance
Sales:
$608,977
Profits:
$214,898
Operations
Employees:
1 store managers, 1 shop manager, and 2 other employees.
Inventory:
$28,500 at cost.
Furniture fixtures and equipment:
Includes store counters, displays, shop lifts and related shop equipment.
Premises
Facility:
Retail store and auto repair shop with large display room and shop area.
Square footage:
8,550 Sq. Ft.
Rent and lease terms:
Gross rent is $7,500 per month for a new five year lease with options to renew at the then market rate.
Location:
Southwest Houston area
Price and terms
Price:
$350,000
Financing:
Seller financing available. $175,000 Down Payment, and Seller Note for $175,000 5 years @ 6% = $3,383.24 P/M..
Training:
As needed