20 year old Retail Adult Novelties Store
Virginia Beach Area

This 20 year old and profitable retail novelties and entertainment shop has been successful in the location for several decades.   This business is currently being run semi-absentee with a manager and other staff in place .  They offer adult videos, toys, lingerie and more, but there is still room for growth by adding additional products, doing advertising and growing other sales channels.   The location is well-known on a busy street with lots of shopping in the area.   

Listing Number:

23295

Category:

Retail

Location:

Virginia Beach Area
$158,900

Financial Information:

Gross Revenue:

$322,487

Listed Price:

$158,900

Down Payment:

$0

Total Income:

$88,979

Year Established:

2005

Lease Information:

Square Feet:

7000

Total Rent:

$3,600

Lease Expiration:

06/2025

Lease Options:

Yes, LL open and flexible

Asset Information:

Leasehold Improvements:

$0

Equipment / Fixtures:

$30,000

Inventory:

$100,000

Other Assets:

N/A

Additional Information:

Full-Time Employees:

1

Part-Time Employees:

1

Special License Required:

N/A

Contract Labor:

0

Training Period:

2 weeks

Reason for Selling:

Retirement and Health

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


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brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:

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20 year old Retail Adult Novelties Store
Virginia Beach Area

Listing Number:

23295

Category:

Retail

Location:

Virginia Beach Area

Listed Price:

$158,900
brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:
This 20 year old and profitable retail novelties and entertainment shop has been successful in the location for several decades.   This business is currently being run semi-absentee with a manager and other staff in place .  They offer adult videos, toys, lingerie and more, but there is still room for growth by adding additional products, doing advertising and growing other sales channels.   The location is well-known on a busy street with lots of shopping in the area.   

Financial Information

Gross Revenue:

$322,487

Listed Price:

$158,900

Down Payment:

$0

Total Income:

$88,979

Year Established:

2005

Lease Information

Square Feet:

7000

Total Rent:

$3,600

Lease Expiration:

06/2025

Lease Options:

Yes, LL open and flexible

Asset Information

Leasehold Improvements:

$0

Equipment / Fixtures:

$30,000

Inventory:

$100,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

1

Part-Time Employees:

1

Special License Required:

N/A

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Retirement and Health

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.

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