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Blockbuster Video For Sale - Atlantic City, New Jersey, NJ |
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| PROFILE: Cash Flow Strong Retailer With 5 Outlets Located In High Visibility Locations. |
| Status: |
Available |
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| State: |
New Jersey |
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| Location: |
Atlantic City |
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| County: |
Atlantic |
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| City: |
Atlantic City |
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| Primary Category: |
Retail Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
121163 |
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| Seller Or Contact: |
Achim Neumann |
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| Primary Phone: |
732 872-6777 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
10/22/08 |
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| Date Ad Last Revised: |
10/22/08 |
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| Asking Price: |
$700,000 |
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| Down Payment: |
$600,000 |
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| Annual Revenue: |
$2,700,000 |
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| Annual Adjusted Net: |
$450,000 |
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| Franchise: |
Yes |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Yes |
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DESCRIPTION: This Blockbuster Operation, Owned Under A Franchise Agreement, Is Located In High Visibility Locations In The Suburbs Of Atlantic City (No Downtown Locations), And Consists Of Five Outlets, Video/Game Rental / Sales Retail Store Operation.
The Store Locations Are Within 20 Minutes Drive Of Each Other, Secured With Multiple Lease Extension Options, While Having A Dominant Market Position. Operationally, Each Of The Stores Has A Well-Trained Team With Manager And Assistant Manager (That Will Continue After The Transfer), Making It A Perfect Investment Opportunity For The Absentee / Part-Time Minded Owner Operator. A Sophisticated Mis System Allows Off-Site Store Control. Outstanding Marketing Campaigns With Consistently Increased Market Penetration Have Been The Success Factors.
After Showing Consistent Growth In The Earlier Years, The Video Rental Business Coupled With Blockbusters Ill Fated No Late Fee Policy And The Owners Health Issues, Had Resulted In A Slight Revenue Decline During The Past 18 Months. This Situation Is Stabilized Now At $2.7 Million Revenue With $450,000 Sd Cash Flow. Cash Flow Is Projected To Increase Due To Renewed Focus On Cost Savings. The Business Is Attractively Priced At $700,000 (Plus Inventory) And No Debt To Be Assumed; And With Only $600,000 Buyer’s Cash Investment, A Qualified Buyer Can Obtain An Annual $450,000 Cash Flow (Before Debt Service), Recuperating His Funds In A Little Over A Year! A Return On Down Payment Of 50% After Debt Service (Financing Has Been Approved) Is A Very Attractive Investment Return.
The Owner Of This Company Has Undergone Some Serious Health Issues And Is Very Motivated In Making This An Easy Ownership Transfer. He Will Assist In All Aspects Of The Transfer, Including Staying On For A Limited Period Of Time If Needed.
**** All Data Presented Is Based On Signed Tax Returns ****. |
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