Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

Asking Price	Not Disclosed	Inventory	$343,000*
Gross Income	$1,200,000	Real Estate
Cash Flow	$155,790	Year Established	1978
FF&E	$54,000*	Employees	14

* included in the asking price

** not included in the asking price

Our client, established in 1978 as an S-Corporation in the state of Iowa, specializing in the sales and services of sporting goods equipment, apparel and shoes. The company has a diverse line of products, in addition to offering team sales and a variety of services to maintain sports equipment. The company s product line consists of shoes (41% of 2006 revenue), sports equipment and services (22%), men s clothing (16%), team related purchases (12%), women s clothing (5%), and children s clothing (4%). Our client s customers consist of general retail (75% of 2006 revenue) high schools (10%), university students (10%), teams and sports clubs (5%). In 2006 the largest customer accounted for only 7% of sales. The company leases 4,230 square feet of retail, office, and storage located in the local mall. The lease, from a third part, was established in 1978 and expires in 2009. In addition to the owner, who works 5 hours to 20 hours per week, there are 4 full time and 10 part-time personnel. The owner has enjoyed building an innovative and successful organization. At this time, the owner would like to pursue possible retirement as well as find a suitable acquirer that can guide the company to reach its full potential. The owner is agreeable to working with new ownership post transaction to ensure a smooth transition and business continuity.

Facilities: 4,230 sq ft retail, office and storage space in local mall.

Competition: Limited competition in the area; Diverse customer base.

Financing: Negotiable

Support/Training: Seller will train Buyer

Reason Selling: Retirement