Listing ID: 66666

Business Overview

For over a decade, this small video game store has been serving the North Seattle market. They buy and sell used video games in the secondary market which has grown in popularity over the years. The location has sold video games for over two decades and the general public in the area knows the store as a go to for affordable gaming entertainment. Recently the Seller has obtained a full-time position and is unable to devote the time and energy to his store. This business needs an energetic and ambitious buyer to take the reigns. All inquiries will be required to submit and NDA. Inquire today.

Financial

  • Asking Price: $75,000
  • Cash Flow: $82,040
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Operating from a 1000sq ft retail store located in the North Seattle area, this space has been a game store for two decades and is suited for the business operation.

Is Support & Training Included:

Seller will provide transitional assistance.

Purpose For Selling:

?Seller has a full time job and cannot devote time to the business.?

Pros and Cons:

There is always a market for affordable games, even if used. There is also a market for those wanting credit for turning in their played through games. The Seller has a full time job and is not able to devote the time it takes to the store.

Opportunities and Growth:

The store needs more involvement from the owner and an ambitious buyer can most likely grow the sales through events and community involvement.

Additional Info

The company was founded in 2008, making the business 14 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell companies. Nonetheless, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they may say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of various other factors. This is why it is very crucial that you not depend absolutely on a vendor's word, but instead, use the vendor's solution in conjunction with your overall due diligence. This will repaint an extra sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items like supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that revenue margins are too small. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new consumers? Most times, companies have repeat clients, which form the core of their day-to-day earnings. Specific aspects such as new competitors growing up around the area, road building, as well as employee turnover can impact repeat clients and also adversely impact future profits. One crucial point to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the opportunity to build a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the regional typical household income influence future earnings potential?