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Established Retailer of New/Used Consumer Goods

NH

Established Retailer of New/Used Consumer Goods
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,500,000

EBITDA: $190,000

FF&E: N/A

Inventory: N/A

Established: 1997

Established Retailer of New/Used Consumer Goods

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Business Description

Founded in 1997, This Company purchases new and used consumer products to retail including jewelry, tools, consumer electronics, home theater, musical instruments, video games, sporting goods, motor sports, car audio, memorabilia & collectibles, and other goods. The Company has established a history of excellence in providing customers with high-quality products, the latest in industry knowledge and a broad product selection of highly- competitive product pricing from a strategic retail geographic location. The Company operates through nine internal profit centers: jewelry and watches(20% of 2017 revenue), tools and equipment (19%), musical instruments (14%), electronics (10%), computer equipment (10%), sporting goods (9%), video games (6%), coins and collectibles (6%), and other (6%) products. Due to its long-term presence in the industry, the Company processes approximately 150 buy-side, and over 250 sell-side transactions on a weekly basis. Approximately 98% of products are sold at the Company's store, 2% online. In addition, 95% of individuals selling products elect a cash payment, 5% store credit. The retail facility comprises approximately 12,600 square feet, and is utilized for retail, office, and warehouse purposes.

Detailed Information

Employees:
8
Facilities:
12,600 sq ft leased retail/office/warehouse
Competition:
Do to its long-term presence within the industry, the Company has a very strong position and expertise within its territory. The Company anticipates growing and further expanding its presence within its market niche
Growth & Expansion:
The Company has a strong reputation for its focus on service, offering reliable expertise, and providing high-quality used consumer goods and accessories. The Company’s database includes over 45,000 customers. This diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. In addition, the Company is expanding its online presence, and expects to increase its internet sales in 2017
Support & Training:
yes, through transition
Reason for Selling:
retirement
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Frederick Zweifel

Business Listed By:
Frederick Zweifel

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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