Nick Nackery: Specialty Retail Business for Sale

Undisclosed Address, Indiana
Business Opportunity for Sale
Catylist Listing ID: 30675675
Property Subtypes: Retail Stores
Building Size (RSF): See Agent
Sale Price: $190,000
Name of Establishment: Nick Nackery
Business Website Address: https://www.nicknackery.com/
Year Business Established: 1985
Gross Revenue: $450,000 (Annual)
Cash Flow: $54,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Living Accomodations: Yes
Sale Terms: Cash to seller or hybrid arrangements can be discussed for flexibility. Seller is an entrepreneurial owner who would share expertise, mentor, train and help established a successful transition for years to come.
Last Updated: 6/15/2021

Overview / Comments

Business only listing (Not the real estate). Evansville's iconic Nick Nackery business has been independently owned and operated by an entrepreneurial spirit for 36 years. Known throughout the Midwest and even the nation as a hip, niche and successful specialty retail store, only a few competitors regionally can offer the breadth of supplies to contend with the Nick Nackery. Seller prefers to sell the building, land and business as a package but will entertain splitting them up. Additionally, at your disposal is a wealth of knowledge to train, mentor and equip the new buyer with the seasonality, early buys, product predictions in order to facilitate profitable operations during transition and beyond. With a record year during the 2020 pandemic and above average margins, the Nick Nackery has carved and earned its spot as a viable business and continues in current operation. Price includes the business and inventory (inventory valued at over $200,000). The real estate can be sold as well in a package deal under separate MLS and offers a great location, close to Main St revitalization, Convention Center and IU Med center. See documents tab for NDA to be filled out to release 5 year financials and on hand inventory.
This listing is a component of a larger sale of adjacent/connected properties that can be sold as a package deal or separately. See MLS entries: 202049395 for 201 E Virginia real estate only sale (or search RemaxCommercial.net); 202049222 for 207 209 E Virginia lot sale. Combined 0.7 acres.

Additional Details

Industry Segment: Independent Stores
Reason for Selling: Time to get closer to family and start thinking about retirement.
Value of Inventory Included ($): $200,000
Value of Furniture, Fixtures, and Equipment ($): $25,000
Value of Real Estate Included ($): $0
Real Estate Lease Description: Seller currently leases the upstairs apartment as her residence, providing additional income. More details to be provided in the financials.
Employee/Labor Description: Loyal seasonal workers with excellent training and history.
Mgmt/Training Support Description: Seller open to training, mentoring, conditioning of the seasonal variations in revenue, early buy programs and predictive patterns of market anticipation for a period of time.
Competition/Market Description: Above average margins in the specialty holiday and festive retail costume and associated adult and children party supply industry; known as a regional leader and highly sought after niche; nationally recognized; 35 years establish; great web presence with online experience and e commerce division of the business.
Growth/Expansion Opportunities: E commerce; specialty rentals; etc
Seller Financing Description: Seller is open to discussions based on opportunity.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,239 1,239 5,851
Median Age: 43.75 43.75 44.28
Households: 484 484 2,284

Contact

Photograph of Listing Agent

Shaun Angel

RE/MAX Revolution Real Estate, LLC
Not a member of ICREX
Photograph of Listing Agent

Mike Richardson, CCIM

Richardson Commercial
ICREX Member
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