Sell Sheet for Rethread
Asking Price $100,000
(Purchase will be made to our nonprofit Dributts as a Donation)
All contingent on a property lease for $3,500 a month plus utilities with the property owner
Assets and properties you are buying:
All fixtures
All products and properties owned by ReThread that exist inside the store currently
All Registers
All current leases are already in place with vendors (2,500 months)
13,000-15,000 transactions per year in the location
between 25,000-30,000 customers per year and growing
Name of store - Purchasing Rethread Name
Purchasing Online Footprint. We have a High Google search placement result, plus 4.7 Stars and 120 reviews
Smooth transition from the owners
What you are not buying:
- Any and all social media (Facebook or Instagram)
- The Mission: Dributts Inc
- Wifi network (you can get it transferred if needed)
- Any extra time from Michael Wahl to help transition.
- All staff contracts are not included in the deal. Retaining staff will be up to the new owners
Rent Michael Wahl
- Hire Michael Wahl for a one-month transition period for $10,000 (max of 100 hrs for the month). This will need to be added to the purchase price if you need his services. Michael will utilize all available avenues, including social media, to promote the new change and inform existing customers about it.
Financials: 4-year look
Note: These numbers represent square register numbers and exclude eBay and other revenue streams.
2025 - Jan to Present: Rethread $100,957 Market $40,737
2024 - Jan to Dec: Rethread $275,455.70
2023 - Jan to Dec: Rethread 257,602.06
2022 - Jan - Dec: 265,746.80