Asking Price: $950,000

Gross Revenue: $500,000

Gross Revenue Comments: 2007

Cash Flow: $246,000

Cash Flow Comments: 2007

Real Estate: $500,000 (Not Included in Asking Price)

BUSINESS
This business began in 1992 and today it is the oldest and largest video game store within 200 miles. They sell a blend of new video games, consoles, equipment and more. Additionally, they will buy, sell and trade used gaming items. The vast majority of their business transactions are from the sale of refurbished and used equipment that is not supported by the major video game retailers. Many of their customers are referred by large video game retailers. Their reputation for quality and selections is well known in the community. The business historically has a gross profit margin of 50-70% and had an adjusted EBITDA around $250K in 2007. The owner spends approximately 5 hours a week managing the business. The video game industry exceeded $14 Billion in 2007. This industry is very stable and sales continue to increase, even in slow economic periods.

Expansion can be from additional locations or a presence on the internet. Advertising is also currently kept at a minimum, and most of their traffic is from word of mouth.

Year Established: 1992

Facilities: The building has approximately 5,200 sq. ft. It is a two story location with the first floor used for business operations and the second floor for living quarters/managers office. The living quarters of the building could easily be used to house additional retail space or inventory storage. The real estate can be either leased or purchased. The replacement value of the property is $515,000..