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High-End Hobby Shop for sale in New Orleans, Louisiana
High-End Hobby Shop
New Orleans |
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The Company offers a large variety of products such as Hi-Performance Gas and Electric Boats, Monster Trucks, road cars, buggies, Hi-Performance Electric, Gas, and Nitro Motors, Tuned Pipes, custom Tuned Pipes, Race Fuels, Electric or Nitro Planes, Gas and Electric Helicopters, Submarines, Estes Rockets, Hi-Powered Rockets, Pine Wood Derby Cars and so on! In addition to the regular hobby shop operations, the Company offers many unique services such as World Wide Shipping, Custom Machine work Custom Painting and much more. |
Listing Number: 503
Michelle Seiler - Listing Broker
2223 1/2 Magazine Street, New Orleans, LA 70130
Telephone - (504) 525-1717
E-mail -
biz4sale@capitalbbw.com
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| Category |
RETAILING BUSINESSES |
| Sub-Category |
Miscellaneous Retail |
| Asking Price |
$129,000 |
| Gross Sales |
$180,000 |
| Cash Flow |
$36,000 |
| FFE |
$10,000 |
| Inventory |
$80,000 (Inventory IS Included) |
| Real Estate |
$450,000 (Real Estate NOT Included) |
| Employees |
3 - Full-Time
0 - Part-Time |
| Facilities |
The business occupies 1800 sq ft of frame building that is in good condition. The parking lot can accommodate approximately 6 vehicles. The Real estate is available for purchase.
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| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
The company has one major competitor about 25 minutes away on the other side of town. The company has a competetive edge, however, because they are the sole distributors of a particular line of performance products and feature more custom , high end models than their competition.
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| Growth Notes |
It is the owner's opinion that with more inventory the shop could gross sales of $250,000 per year at net 28%. He bases this assumption on the fact that when the store is fully stocked, the monthly sales rose to $20,000.
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| Support Training |
The owner is willing to train for a period to be determined. |
| Year Established |
2005 |
| Financing Terms |
Owner is willing to finance with 50%-60% down for 3 years at 8%. |
| Reason for Selling |
Owner would like to focus on a different aspect of the industry. |
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