Hobby Shop

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Hobby Shop
Asking Price: $320,000
Gross Revenue: $354,288
Cash Flow: N/A
Location: Schenectady County

Summary Description

This is a well-established, retail model train and hobby store, serving the Capital Region for over 38 years. The store carries a variety of products including model electric trains, plastic model cars, ships, planes and military, model rockets, slot cars, scenery items, modelling tools and supplies, magazines and books.

General Information

Year Established: 1981 –  The store has been an important part of the community for decades.

Employees: 5 employees as well as some volunteer help.

Facilities: The Real Property which the business occupies is also available for sale and is included in the asking price. Total space is 3,984 square feet. The property is located in a business district and is zoned commercial.

Market Outlook

Competition: Local competition is minimal, with the internet being the only true competitor.

Growth & Expansion: Advertising and expanding product selection have both proved effective in attracting new customers. Further expansion into the lucrative radio control (RC) area should be the next logical step for a new owner. There has certainly been an interest and apparent need in the area for these products.

About the Sale

Financing: The owner would much prefer cash at closing, but may consider some financing for a qualified Buyer.

Support/Training: The Seller will stay on for a negotiated period of time to train the new owner in all aspects of the business operation.

Sale Objective: Health considerations have prompted the sale of the business.

Download Summary Sheet

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