Antique Mall - Great Traffic and Solid Numbers

With over a hundred rent paying vendors on a very busy street in Central Tucson, this Antique Mall generates over $150,000 cash flow for the owners with multiple income streams: Rent from vendors, commissions on all items sold, sales of abandoned booths items, consignment on larger items, and profit on their own inventory. Vendor space always in demand, well organized and built out, the merchandise ranges from beautiful 19th century antiques, hard-to-find vintage pieces, mid-century collectables, and household items at prices that can't be matched. The Mall has a well-trained staff who help the customers find what they are looking for and keep the place in top-notch shape. With a new option on the lease that is assignable from an understanding landlord, the Buyer will hit the ground running. Priced below the average multiplier for today's retail. Clean books will make financing simple. Very few of these money makers ever reach the market because of their high demand.

Please refer to listing ID: 19-3430

Industry:  Retail Stores
Industry Segment:  Other Retail Stores
Geography:  United States > Arizona > Tucson
Asking Price:  $400,000
Gross Revenue:  $420,000
Cash Flow:  $135,000
Value of Inventory:  $20,000 (Included in Asking Price)
Value of Equipment:  $35,000 (Included in Asking Price)
Year Established:  2015
Number of Employees:  4
Relocatable:  Yes
Mgmt. Training/Support:  2 weeks; more if required
Reason For Selling:  Retirement
Facilities:  Well orgainzed, lighted, cooled and heated 18,000 sq ft of space. Over a hundred booths. Private office. Rented storage containers out back for owners inventory (and one vendor). Plentiful parking and great visibility. Building next door recently purchased and over a million dollars of improvements going in, will provide synergy.
Market Outlook/Competition:  As nearly recession proof as you can get since vendor demand and customers flock to the low prices if economy stumbles. This mall stands alone by capturing the middle ground for utility, value, collectable and beautiful heirloom quality antiques.
Name:  Bill Swan
Email:  tbi@tucsonbusiness.com
Phone:  520-750-1764

 

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