The owner and founder of this four year old internet business has relocated the business twice in 2006 only to learn that her husband has been now been transferred out of state. Her choice is whether to move the business a third time or offer it for sale. Her decision is to offer her attractive business for sale for $99,000 (plus inventory), and she will carry a $50,000 note for an enthusiastic, qualified but undercapitalized buyer.
Before the moves, the business was grossing over $500,000 of revenues and employed several workers. After move number two, the seller downsized the business so that employees would not be required. Now, as a sole owner/operator, the seller works 25 hours weekly, grosses $250,000 in sales and has a discretionary cash flow of $50,000.
The business is currently located in a leased 2000 square foot store front on a busy street in Grand Rapids, but the seller has not yet opened the operation for retail traffic which could be a meaningful new profit center for a buyer. The total rent is only $660 monthly for this very cute and well located store front.
The business comes with a terrific Web site, two domain names, an “800” number and a 6000 name emailing list. The website is a dynamic one, with updates, maintenance and changes taking only about 15 minutes daily.
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