Downtown Seattle
Popular Video Store in High Density #Seattle Neighborhood
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
Founder Lawrence Braden
Lease
Financials
Operations
Sunday through Thursday 11:00am to 10:00pm
Facilities
Highlights
- 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
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 33,782 | 176,459 | 391,440 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 15,717 | 86,639 | 179,074 |
| 2010 Persons Per Household | 1.84 | 1.74 | 1.93 |
| Median House Value | $407,600 | $459,638 | $528,291 |
| Income Per Household | $53,570 | $63,160 | $71,353 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,134 | 11,227 | 20,959 |
| 2012 Number Of Employees | 39,944 | 468,052 | 814,808 |
| 2012 Total Annual Payroll | $837,845,000 | $4,294,967,295 | $4,294,967,295 |
click for more demographic info
Disclaimer
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Notice: The information contained in this offering profile was provided by the Seller and is believed to be accurate. Charter Business Brokers and its affiliates such as WABrokers has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. The User (that's you reading this) of this Website understands that Charter Business Brokers ("Broker") or its broker (s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: (1) Sq. ft. is estimated (2) Adj. Net represents last year's estimated owner's cash flow (3) Annual Payroll is last year's and does not include any owner wages. This is a "Charter Business Brokers" Listing. |