Dallas, Texas
Dallam County
Listing Type: For Sale By Broker
Category: Retail: Home Furniture & Furnishings
MLS #: DB339803
| Description: |
Outstanding 25K SF retail location with tasteful layout and growing repeat customer base. Bargain lease rates (less than of market) promise lower operating costs for many years to come. Excellent location near a very busy mall, restaurants, and high volume pet shop drive heavy drop-in & browse traffic. Store was relocated to this facility a year ago and is quickly establishing itself as a popular furniture destination and is driving repeat customers. Little formal training required to manage this business. Seller is newlywed and wants to scale back working hours so they can have children and he can spend more time with his family.
Facilities: With prime location and 25K SF, this business is poised for high growth and increasing profits due to bargain basement rent at $2.00 a square ft., along with very low triple net. After the first two years it only goes up $1 per sq. foot every 2 years, capping off at $6 for years 9 & 10. And there is a 5 year lease option after the initial 10 year lease.
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| Pricing Information |
| Asking Price: |
$325,000 |
FF & E: |
$18,952 |
| Gross Revenue: |
$885,599 |
Lease/Rent: |
$0 |
| Cash Flow: |
$0 |
Inventory: |
$191,099 |
| Adjust Net Income: |
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Real Estate: |
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| Monthly Payroll: |
|
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| About The Business |
| Style: |
Information not available. |
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| Year Established: |
2005 |
Lease/Rent: |
$0 |
| Full Time Employees: |
3 |
Part Time Employees: |
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| Size (square feet): |
25,000 |
Lot Size (acres): |
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| About The Sale |
| Reason for Selling: |
| Seller re-married and wants more family time |
| Is Financing Available? |
| $175,000 |
| Is Owner Willing To Train/Assist New Owner? |
| 1 week no cost |
| Is This a Home Based Business? |
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| Is This a Distressed Business or Bankruptcy Situation? |
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