Jim Span, Business Broker, M&A
The Chase Group
Seasonal Halloween Stores for Sale
Asking Price: $ 500,000
Location: San Diego County
Down Payment: $ 500,000
Total Sales: $ 2,240,162
Discretionary Earnings: $ 573,194
Halloween continues to be the fastest growing holiday. This business comprises seasonal pop-up stores specializing in Halloween costumes and accessories that are open from late August through October each year. Open just 2-3 months, this business produces “full-year” sales and profits.
This unique business model consists of a short yet robust selling season followed by intermittent work the rest of the year. The sale includes inventory and FF&E for 4 locations with a growth option to add additional stores in future years.
Best years for sales are when Halloween falls on/near a weekend and the next 2 years fall on a Sunday (2021) and Monday (2022)!
Revenue and cash flow shown reflect 2020 results which were based on 7 open stores. For 4 opened stores in 2021 the Pro forma projection is for $1,000,000 revenue and $141,092 adjusted cash flow.
Multiple short term leases in popular strip mall areas. (Home Based)
Mostly a fragmented market with some chain competitors, but plenty of growth opportunities. Owner’s 11-year history and real estate relationships have resulted in continual business in high-producing locations.
Growth & Expansion
Adding additional stores during the selling season is a straightforward way of increasing sales. Current owners believe there are enough prime areas not currently served that several additional stores could be added before cannibalizing existing stores.