Business Overview

Take advantage of an outstanding, semi absentee owner opportunity to own a 30+ year, well established Collin County gem. This business has established a solid reputation providing the best customer service to its surrounding community with a population over 500,000. Current owner works part time (5-10 Hrs/Wk)in this business since 2018 and the previous owners opened the store in 1986 in the exact same location.
Established in 1986, they have a strong reputation for their service and quality products. With a strong foundation centered on customer satisfaction and a close working relationship with clients, they bring honesty, reliability, and friendliness to the Parcel Centers market.

Financial

  • Asking Price: $270,000
  • Cash Flow: $77,468
  • Gross Revenue: $426,421
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $8,000
  • Inventory Included: N/A
  • Established: 1986

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:

The store occupies 1,570 square feet of retail space at a total monthly cost of $ 2,290/month including CAM, taxes and insurance. Lease expires in Aug 2026. There are rent increase in the lease every two years.

Is Support & Training Included:

2 weeks as needed

Purpose For Selling:

Owner wants to pursue other opportunities

Opportunities and Growth:

• Re-Establish and increase Fingerprint Hours • Set up Target Marketing • Improve Merchandise sales • New Greeting Card Line • Incorporate Gift Card Sales • Incorporate Additional Gift Items for Sale • Improve Google Optimization on the Website • Utilize Google Ads • Add additional carriers (such as Lone Star Overnight)

Additional Info

The company was established in 1986, making the business 36 years old.
The deal won't include inventory valued at $8,000*, which ins't included in the listing price.

The business has 1 FT 3 PT employees and is situated in a building with approx. square footage of N/A sq ft.
The property is leased by the business for $2,290 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell operating businesses. Nevertheless, the true factor and the one they say to you may be 2 entirely different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a variety of various other reasons. This is why it is extremely important that you not count entirely on a vendor's word, however rather, utilize the seller's solution combined with your total due diligence. This will paint an extra practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover points like inventory, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally 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 should be satisfied or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new consumers? Most times, operating businesses have repeat consumers, which develop the core of their daily revenues. Particular variables such as new competition growing up around the area, roadway building, and employee turnover can impact repeat clients and also adversely affect future incomes. One vital point to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the chance to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the neighborhood average house earnings influence future earnings prospects?