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Listing #3427 | Popular Video Store in High Density #Seattle Neighborhood |
Price: $99,000 |
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This is a popular video store in a high density Seattle neighborhood. The store has built a nice stable business catering to the local neighborhood and has a nice consistent loyal customer base, including an attractive monthly subscription plan. They also have the second largest video collection in the greater Seattle area with more than 20,000 titles, including an extensive Blu-Ray DVD collection. The extensive DVD collection alone is worth more than the asking price for the business.
Movies are both a social and visual experience often driven by impulse. Although some people take unnecessary time to order and receive their videos via mail for a few bucks cheaper, most people often prefer to shop titles in person with their friends, family, or with the lucky date of the night.
This store offers traditional type rentals ($2.99 catalogue titles for 7 days and $3.99 new releases for 3 days with a 5 day option) and also offers subscription plans starting at $14.99 for unlimited rentals with no due dates or late fees. A key advantage is customers can get movies a full 28 days before Netflix or Redbox! Netflix has recently lost more than 2 million customers as a result of unpopular changes to their subscription plans and their loss could be your gain. Not only does the store have a commercial grade resurfacer that can be a nice money make itself to refurbish most DVD's for $2, but they have recently built a successful resale business with Amazon in buying and selling used titles to increase revenues by $3,000 per month alone.
Now is a great time to step into owning your own neighborhood retail business, so please take the next step by signing in to get more photos, the name & address, and more details.
This is an Add Value Alliance, Inc. DBA Washington Brokers listing
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| Listing Status: |
Available |
| Price: |
$99,000 |
| Location: |
WA Downtown Seattle
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| Last Year's Annual Gross: |
$138,742 |
| Lease Information: |
Expires Dec. 2014 + 5 yr option |
| Monthly Rent: |
$2,468 |
| Hours Open: |
Friday & Saturday 11:00am to 11:00pm
Sunday through Thursday 11:00am to 10:00pm |
| Year Established: |
2010 |
| Inside Sq. Ft.: |
1100 |
| Hood System: |
No |
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- Excellent high density foot traffic location
- Video Store revenues currently exceed $8,000 per month
- Attractive lease rate adjacent to a successful restaurant
- Second largest video collection in Seattle
- More than 20,000 videos included in the Sale
- Sellers invested more than $300,000 in this business being sold for a fraction of its cost
- Includes $4,000+ DVD-CD resurfacing machine that can be a money maker itself!
- Store is currently earning $3,000+ in sales per month selling titles on Amazon alone
- Pro-Forma cash flow to new owner should exceed $3,000 income per month.
- This video store has developed a strong loyal monthly membership base
- Netflix recently lost 2 million+ customers ready to be captured
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