VIDEO GAME SHOP NETS $100k RETL440

Price: $200,000

Location: Lycoming County , Pennsylvania

Industry: Retail

Listing ID: RETL440

Video Game destination shop with all things related. This is wonderful business opportunity located in Lycoming County Pennsylvania. They have a wide selection of games to choose from including all of the required equipment. The company has a 2021 projected gross income of $500,000 and a substantial net yearly income. This shop specializes in new and used products in the video game market including consoles, games, and accessories. They have items ranging from brand new to vintage. Other items offered include customized controllers, handhelds, vinyl decals, plush toys, video game themed board games, strategy guides, and blu-rays. This is a dependable and safe business purchase opportunity, based on the asking price, which includes owner financing, this business expects to supply a consistent return on investment to the owner operator. For Qualifications purposes, this business opportunity and industry does not require    government licensing approval to purchase or operate other than the standard required municipal licenses.

Listing Details

Revenue: $500,000

Cash Flow: $100,000

FFE: $55,000 (Included in Price)

Inventory: $100,000

Lender Pre-Qualified?: Yes

Reason For Sale:

The purpose of this business transaction is due to the owner relocating out of the state of Pennsylvania and into an alternative industry.

Training & Support:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.

Operation

Year Established: 2019

Location

Lease Option: Lease and terms, the business transaction will offer an assignable commercial lease which expires 2023-01-01, plus additional options available, with a monthly rent of $2,500, cost per square foot is estimated at $27,00 and rent security of approximately $3,800.

Type of Location: Retail Mall

Square Footage: 1200

Relocatable?: Yes

Facilities Information:

This business facility which consists of approximately 1,200 square feet have a modern and attractive appearance. The business is in a convenient commercial mall with many other active businesses. This opportunity is in Eastern Pennsylvania, Lycoming County, which consists of highly populated communities with continued demand for these games and products.

Summary

Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Potential Growth:

Regarding growth and expansion, the business opportunity can be further expanded by the new operator by instituting a web site, improving the marketing and the required local advertising.

Ron Cervelli

contactus@regalconsultants.com

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