Business Overview

Thrift store for sale in Des Moines, IA. Established for fourteen (14) years.

Excellent location, high traffic area and great visibility.

Store sells oddities, novelties, gifts, new items, old items, fun stuff, hats, gloves, dvds, music and more.

Real estate is included in the asking price. Assessed at $95,000.

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Financial

  • Asking Price: $165,000
  • Cash Flow: $13,782
  • Gross Revenue: $99,981
  • EBITDA: $13,782
  • FF&E: $10,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:6,500
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

6500 sq. ft. with parking and a basement.

Is Support & Training Included:

Negotiable

Purpose For Selling:

Retirement

Pros and Cons:

Perfect location. High traffic area. Excellent visibility.

Additional Info

The company was started in 2007, making the business 15 years old.
The deal shall include inventory valued at $20,000, which is included in the asking price.

The company has 1 employees and is situated in a building with disclosed square footage of 6,500 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell businesses. Nevertheless, the true reason and the one they say to you may be 2 completely different things. For instance, they may say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competition, current reduction in incomes, or an array of various other factors. This is why it is really vital that you not depend completely on a vendor's word, yet instead, utilize the seller's solution combined with your general due diligence. This will paint a much more practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be fulfilled or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new clients? Many times, companies have repeat consumers, which form the core of their daily earnings. Particular factors such as brand-new competitors growing up around the location, roadway building, as well as employee turnover can influence repeat clients as well as negatively influence future earnings. One crucial point to think about is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the higher the possibility to build a returning consumer base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local mean house income influence future income potential?