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BUSINESS FOR SALE - PROFILE #  41720071

Absentee Owner Party Supply and Halloween Stores
Coastal North Carolina

Asking Price: $485,000   Down Payment: $485,000  
Gross Revenue: $1,472,196   Adj. Cash Flow*: $193,016  
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Executive Summary

This party supply store has been operating successfully in the same location for almost 20 years. The business has been operated with an absentee owner since purchased. The well seasoned staff is capable of running the business with minimal supervision. They purchased a Halloween store in a separate location two years ago that has proven to be a great success. The Halloween store generates great cash flow and is only open a few months in the fall. They have earned a steady loyal customer base by continuously offering the personal service to their customers that can only be appreciated in person. The 10,000 square foot party supply store is well stocked with everything the customer needs for their next event including party supplies, balloons, personal invitations of all types, as well as a host of seasonal inventory. The 7,500 square foot Halloween store is open seasonally and is well stocked with a wide variety of costumes and everything needed for the Halloween season. The business has always had great books and records making it easy to appreciate the financial picture. The sale price does not include the value of the inventory as the Halloween store's inventory increases in season and is reduced afterwards. Inventory will be taken prior to closing and sold at cost to the new owner.
This is an excellent opportunity for an individual wanting to own a true ”turn key” business with everything included to continue to operate successfully, or an investor looking for a good return on their investment.

Acquisition Highlights

  • This business is well established and has been in the same location for almost 20 years with a strong customer base. The Halloween store was purchased two years ago and has great cash flow wit a very short season making it a easy business to operate. The business is run completely as an absentee owner.
  • Party Supply Store. 9:00 AM - 8:00 PM Mon-Wed, & Sat, 9:00 AM -9:00 PM Thurs-Fri 10:00 AM -6:00 PM Sun Halloween store 10-7 Mon-Sat, closed Sunday
  • Excellent books and records. All income is on the tax returns with no discretionary earnings.
  • The party supply store is 10,000 sq ft and is the anchor store in the strip mall it is located in. The Halloween store is 7,500 sq ft and is located on a busy thoroughfare with great visibility.
  • The business was started over 25 years ago and was purchased in 2014 by the present owner. The Halloween store was purchased in 2017.
  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1995 Inventory: $510,000
Employees: 2 FT, 2 Mgrs Furniture, Fixtures & Equipment: $50,000 Included
Lease/Rent: $20,946 Real Estate:
Building Sq Ft: 10,000 & 7,500
    Total Assets Included in Sale: $50,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Ken Puryear
Phone:  (910) 270-2927
Fax:  (910) 270-2928
Other:  (910) 620-1740
E-mail:  ken@vrwil.com
VR Business Brokers - Hampstead, NC
221 Hampstead Village
Hampstead, NC 28423
www.vrwil.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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