Thrive Acquisition represents a financial buyer seeking to acquire a company with a minimum of $500k EBITDA. Buyer has professional experience in systems and technologies for various industries including manufacturing and health care and is seeking a business enterprise that he can bring to next-level performance. Contact Us for more information.
List Price $1,250,000
Here's an opportunity to acquire three distinct, profitable stores along the beautiful Michigan lakeshore! Two of the stores are located in a town that draws impressive crowds in the summer months. The third store is in a different county. Each of the three stores are located in the heart of busy shopping districts are open year round. This is a turnkey operation. Previous retail experience is recommended.
All three stores sell clothing, shoes, and accessories for men and women. Product selections apparel are on-trend for shoppers who love their brands and don't mind paying more to buy them. The brands are high quality merchandise.
The stores are operated with a full time general manager overseeing all of the stores. There are nine additional full time employees along with seasonal and part time help.
Combined revenue of all three stores exceeded $1.6 Million in 2021, a 26% increase over pre-covid sales (2019). EBITDA for 2021 was $267,386 for all three stores. All furniture, fixtures, and equipment is included in the asking price. Inventory is additional.
One store was purchased and two were business start-ups that are now well established. One of the two owners works about 16 hours/week - no owner salary is on the books. The second owner does not work in the business.
Please contact listing agent for an NDA which is required before financial and location information will be shared. Buyer or buyer's agent to verify all information.
The real estate for all three stores is leased. Buyer to negotiate leases with landlords.
The stores are fully staffed with stores close enough to each other to share staff as needed.
List Price: $195,000
Here's an opportunity to acquire a privately held, profitable store along the beautiful Michigan lakeshore! The store occupies prime real estate in a city with a walkable downtown that is busy year-round. This is a turnkey operation.
This store sells clothing, shoes, and accessories for men and women. More floor space is devoted to the men's section and there is not a lot of competition for upscale men's fashion. The store interior is gorgeous. Product selections are on-trend for shoppers who love their brands and don't mind paying more to buy them. The brands are high quality merchandise. Average ticket prices is $165 per purchase.
This store is currently operated with a full time general manager overseeing this store as well as two others. The store is fully staffed. The store was a business start-up but is now well-established and profitable. Because the store is operated by a manager, no owner salary is on the books. The owners take draws on equity from time to time. One owner works 10 - 16 hours/week. The second owner does not work in the business. An owner/operator buyer could replace the general manager and assume a portion of that salary in addition to the profits of the store shown as SDE. SDE shown is for 2021.
Interested in the group of three stores? Check out the listing "Group of Retail Stores Near the Lakeshore" or ask listing agent for details.
All furniture, fixtures, and equipment is included in the asking price. Inventory is additional. The real estate for all three stores is leased. Buyer to negotiate leases with landlords.
Please contact listing agent for an NDA which is required before financial and location information will be shared. Buyer or buyer's agent to verify all information.
List Price: $320,000 Seller Discretionary Earnings: $111,500
The data on customers in the store's loyalty program shows that they are repeat buyers who spend more per transaction. The customer base also shows steady growth with new unique visitors on an ongoing basis.
The store is located in a destination town along the beautiful Lake Michigan shoreline. The population expands in the summer with cottagers, visitors, and tourists, but the town has a steady year-round customer base from the local population.
The store is fully staffed. The store occupies approximately 2,500 sf of leased space - buyer to negotiate new lease with landlord.
The seller is active in the business and is willing to train the buyer. The seller is seeking retirement.
Interested parties will be asked to submit an NDA prior to receiving confidential information - contact us for details. Buyer to verify all information.
- Location:
- Ottawa County, MI
- Inventory:
- Not included in asking price
- Employees:
- 4
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- The store occupies prime real estate on the main street of the downtown shopping district. The store uses the main floor for retail operations. The basement offers space for storage, restroom, break room, and office space. Approximate size is 2500 sf. The building offers both front and back access. Parking is offered at street and on nearby city lots.
- Competition:
- Demand shot up during and after COVID. This store offers unique styles and brands one would expect in a boutique retailer. The area has a booming economy and attracts visitors from outside the region.
- Growth & Expansion:
- The seller did quite well during COVID selling merchandise from the website and social media. The buyer could devote the time to continue selling through those channels. The buyer can also expand by adding more stores throughout the region, booking private parties and trunk shows for preferred shoppers, and adding products to the private label store brand.
- Financing:
- Negotiable
- Support & Training:
- Two weeks of buyer training is available.
- Reason for Selling:
- Pursuing Retirement
