TYPE OF BUSINESS: This is an established educational, recreational sports and retail business. Multiple profit centers. Business located in greater metropolitan upper Midwest area. This business is first class in its industry. Owner/operated, very diverse clientele base. The description of the business herein intentionally does not specify industry or other details about the subject business. The business-while involved in an established and healthy industry-is unique and ownership is concerned that once the word gets out that the business may be for sale, the very attractive and efficient management and operational structure, which is important to and enhances the appeal of this business, could be threatened. The current owner enviably has created a structure with managers and other employees where his role can be limited to general administration and where he can be removed from day to day operations and be confident that the business operates successfully. Therefore, interested parties will be required to execute Non-Disclosure Agreements and satisfy the owner that they have the financial capability to close a transaction if they choose to do so, prior to receiving any detailed, specific, confidential, information about the subject business. After these requirements are met there shall be full disclosure as to the nature of the business, the operation, financial history, and other items required for the purpose of due diligence.
FACILITY: Absolutely first class.
EMPLOYEES: The entire business is organized extremely well and operates very efficiently. This store has experienced, trusted, and established management in place.
SALES/CASH FLOW: Gross sales for 2015 & 2016 were between 1.1- 1.9 million, owners indicate that 2017 sales will be comparable to 2016 with over $500,000 in cash flow.
ASKING PRICE: The asking price is $4,000,000.00 plus inventory. Included in the asking price is prime real estate, building, equipment and fixtures. These assets have a value of $3,000,000.00 to $3,500,000.00.
REASON FOR SALE: Retirement of partner.