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Independent Used And New Bookstore For Sale
Location: United States -> Washington -> Arlington
Industry: Retail > Other Retail




Business Summary

Readerís Choice Used Books opened for business in this location in October 1996. It is a general used bookstore with both fiction and non-fiction, hardback and paperback books. We also carry a few new books and can special order new or used books. We accept book trade-ins on a daily basis, which means itís possible to receive up to a couple hundred books a day. Customers may use their book trade credit the same day they bring in books and then we maintain a running tally of any unused credit. Although we do not have a computerized inventory system, the book sections throughout the store are well-labeled and organized according to genre and author for fiction and subject for non-fiction. This makes it very easy to determine whether or not we have a specific title.

Readerís Choice typically has the best success when itís owner-operated, meaning during a work week, the owner works 35-40 hours and a single employee works 20-25 hours. It takes some time to train employees but training them to do everything the owner does is very important. Employees should be able to buy, trade and price books similarly to the owner.

Cost value of inventory and equipment is 52,980. Actual retail value of stock included is 159,933. Asking price for the business (handing over the key) is $60,000. Contact Jenny Johnson at 360-658-8282.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $51,878
Cash Flow:   $11,112
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $52,980
Seller Financing:  No

About The Business

Year Established:  1996
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Unlimited free training during current business hours until sale finalizes. 100 hours free work/training post sale. Owner willing to work after that for $10/hr.
Reason For Selling:  Owner is a single mom expending too much energy between family and business. Time for a lifestyle change.




Print Listing Id: 700235878
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Also See: Franchise Opportunities > Franchise Resales > Washington Businesses For Sale > Washington Franchises For Sale > Washington Business Brokers



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