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