This Blockbuster operation, owned under a franchise agreement, is located in high visibility locations in the suburbs of Atlantic City (no downtown locations), and consists of five outlets, video/game rental/sales retail store operation. The store locations are within 20 minutes drive of each other, secured with multiple lease extension options, while having a dominant market position. Operationally, each of the stores has a well-trained team with manager and assistant manager (that will continue after the transfer), making it a perfect investment opportunity for the absentee/part-time minded owner operator. A sophisticated MIS system allows off-site store control. Outstanding marketing campaigns with consistently increased market penetration have been the success factors. After showing consistent growth in the earlier years, the video rental business coupled with Blockbusters ill fated No Late Fee policy and the owners health issues, had resulted in a slight revenue decline during the past 18 months. This situation is stabilized now at $2.7 million revenue with $450,000 SD cash flow. Cash flow is projected to increase due to renewed focus on cost savings. The business is attractively priced at $700,000 (plus inventory) and no debt to be assumed; and with only $600,000 buyer’s cash investment, a qualified buyer can obtain an annual $450,000 cash flow (before debt service), recuperating his funds in a little over a year! A Return On Down Payment of 50% after debt service (financing has been approved) is a very attractive investment return. The owner of this company has undergone some serious health issues and is very motivated in making this an easy ownership transfer. He will assist in all aspects of the transfer, including staying on for a limited period of time if needed. *** ALL DATA PRESENTED IS BASED ON TAX RETURNS ***

Very nice, currently reduced due to switch from VHS to DVD.

competition: The stores have a dominant market position Growth and Expansion: Excellent, in particular as competitors have experienced financial problems

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