Shipping, Packing, Fine Art Crating & Mailbox Rental Services
Rare, Fully Authorized for UPS, Fed-EX, & USPS Shipping Services & Freight
Specifications
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Price: $340,000 |
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Revenue: $354,054 (3 Year Avg.) |
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Cash Flow: $93,051 (3 Year Avg.) |
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Location: Monterey Peninsula |
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Service Area: Coastal Monterey County |
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Profit Margin: 26% |
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Employees: 1 Full Time Store Manager 1 Part Time Owner |
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Reason for Sale: The Sellers are Retiring |
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Goodwill: 20 Yr. Reputation, Great Reviews |
| Year Established: | 2001 |
| Services: | Custom Packing for high-value items, Mailbox Rental, , Shipping, Supplies, ETC. |
| Equipment: | $44,600 Value |
| Inventory: | $13,000 Value |
| Clients: | Individuals, Collectors, Art Galleries, Specialty Shops |
| Lease: | 1400 sq. ft. Shop, Lease Assumable, Monthly Lease $3,200 |
| Personnel: | 1 Full time manager (14 years), and 1 owner part time |
Trusted for being the “Go To” place for crating items which require extra care, such as fragile, rare, and high-value items.
Additional services are provided for a more full-service experience to clientele such as providing a drop-off space for packages being shipped through FedEx, UPS, and other shipping establishments. Additionally, mailbox rental services provide recurring income stream while creating regular foot traffic to the store. Additional income generators include a copy center, key duplication services, on-site computer rental and a retail section which offers common packaging, shipping, and mailing supplies.
An new owner can increase revenue stream opportunities immediately with the addition of notary and live scan fingerprinting services.
The location of this business is the “Icing on the Cake”, featuring a quaint picturesque retail district with unmatched charm & ambiance.
The retiring owner will offer training and transitional support to facilitate buyer’s success in the 100% acquisition of this business.
Value Proposition
- 20 Years of Established Reputation.
- Stellar customer reviews
- Loyal repeat clientele
- Priced Below Market for Quick Sale – Retirement
- Substantial Growth Potential
- Upscale Unique Retail District
- Pandemic Resistant
Revenue Breakdown
Financial Highlights
- 340,000 Price Includes $57,600 FF&E
- $346,663 Gross Sales (3 Year Average)
- $99,812 SDE 3 Year Average
- $363,254 2019 Gross Sales
- 27% Gross Margin (3 Year Average)
Cashflow Analysis
Furniture, Fixtures & Equipment
2 POS stations, each with computer, shipping & office software, UPS, USPS, and FedEx label printer, thermal receipt printer, credit card machine w/thermal printer, laser barcode scanner, and report printer. Mailbox rental area includes 4 front load mailbox units w/cabinets. Retail area includes 24’ of slat wall, 8’ of shelving, 7 custom sales desks, key machine & blanks. The office items include 1 computer w/office software, printer/scanner/fax, 3 four drawer suspension file cabinets, and a 10X9 cubicle with desk & cabinets. The copy center includes a leased Sharp copier MX-M465 and computer for on-site rental. The packing center includes 12 linear ft. of custom shelving units for boxes, 12 linear ft. of wire shelving units for packing support and 2 custom packing tables. The work-shop includes 1 custom shop table with corrugated pad shelving, 2 loose fill ceiling dispensers, 2 heavy duty 4’ shelving units, shelving unit for scrap plywood, table saw, chop saw, misc. tools & chest, hand truck and dollies. Signage includes one city approved outdoor sign.
Asking Price
The asking price is determined using a cash flow methodology. Cash flow is the sum of net income from the business plus any non-cash expenses, non-recurring items and any seller’s personal expenses. A multi-factor multiplier is applied to the cash flow based on the condition of the business. For this business, a three-year average cash flow is applied making the business price more favorable to the buyer. The multiplier applied in this case is, 3.65 X below the market in favor of the buyer.
Funding Example
Purchase Price: $340,000
20% Buyer Down Payment
$68,000
Buyer’s Equity
80% Bank Loan
$272,000
10-Yearterm at a rate of 5.50% = Monthly loan payment of $3,386
- Cash Flow (3 YR. Average): $92,494
- Annual Payment to Bank: $40,6320
- Net Profit (After Expenses and loan payment): $52,419
* Please note that the decision of whether to extend a loan on any sale belongs to the bank, and this document does not guarantee specific terms or verify that financing is available.