UNDER CONTRACT Successful Durango Retail & Service Business

14 Feb UNDER CONTRACT Successful Durango Retail & Service Business

Posted at 13:49h in by Michael Greene

Price: $1,295,000

Location: Durango, Colorado

Industry: Retail & Service

Listing ID: Durango

This business provides residents of Durango and the surrounding communities with complementary products and services for the home. With a high visibility downtown location, the business has been a staple in the community for over 30 years. It has evolved to minimize seasonality and thrives under various economic conditions. Its emphasis on customer service, quality products, and range of price points has helped it build a loyal customer base and strong word-of-mouth referrals.

This is an attractively-priced business based on a 6-year average of Revenue and Cash Flow. This was done to offset any highs or lows due to Covid.

The business is confidentially listed by Sam Goldenberg & Associates. To learn more details, including the business’ identity, products, and services, please complete our electronic Non-Disclosure Agreement and Confidential Buyer Profile by clicking on the yellow “Click to Fill Out Our NDA” button to your right (desktop) or down below (mobile).

Listing Details

Revenue: $2,953,000

Cash Flow: $422,995

FFE: $90,000 (Included in Price)

Inventory: $85,000 (Included in Price)

Real Estate: (Not Included in Price)

Reason For Sale:

Seller will retire.

Training & Support:

The Seller will provide up to one month of training during the training and transition phase, details to be negotiated.

Operation

Year Established: 1990

Year of Last Acquisition: 1990

Owner Hours Per Week: 40 - 50

Employees: 7 FT, 1 PT

Managers: 1

Location

Security on Lease: Yes

Lease Option: Yes

Monthly Rent: 6040

Type of Location: Downtown

Square Footage: 5168

Relocatable?: No

Facilities Information:

New owners will be offered a favorable lease in a high-visibility space with dedicated parking and a strong street presence. Additional lease expense for warehouse storage and additional parking are included in the rent.