Listing Number: 76931-342811
Adult Novelty Store is located in Houston, Texas on a busy commercial street. The business carries a wide selection of adult toys, lingerie, dance wear, smoking, detox items, gag gifts, and bachelorette items, and has one of the city's largest video arcades.
The business has had the same location and owner for over 20 years since it was established in April 2002. The business has been growing and profitable since its first opening. Besides the retail store, which is leased space, the owner also owns a warehouse of about 5,000 square feet on 0.15 acres of land across the street from the store. Real Estate is to be sold in conjunction with the business for an additional $500,000.
In addition to the normal inventory of $250,000 which is included in the asking price of $2,000,000, there is an excess inventory of about $1,200,000 to be sold together with the business.
The business is operated by a store manager with nine other full-time and three part-time employees allowing the business to run on a semi-absentee basis and for the owner to come in once or twice a week. The owner is retiring and wishes to sell the company to reduce his workload. In 2022, the business had a revenue of $1,062,643.70, an SDE of $ $527,829, and EBITDA of $467,829.
Seller Financing is available to a qualified buyer.
- Price: $ 2,000,000
- Down Payment: $2,000,000
- Sellers Discretionary Earnings: $ 527,829
- Total Sales: $ 1,131,144
- Location: Harris County, Texas
- Inventory: $ 250,000
- FF&E: $ 118,400
- Employees: 13
- Year Established: 2002
- Reason for Selling: Owner Retiring
- Category: Retail Miscellaneous