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Phantomb Games, Comics & Collectibles to Close – Unless Anyone Wants to Buy It

Published Fri, 05 Apr 2019 10:00:38 -0500

Phantomb Games, Comics & Collectibles of Washington, USA, posted the following on their Facebook page,

This announcement is tough for me (and my team) to announce.

We opened Phantomb Games here in Washington state because it was a dream of ours. However, we have had some major family issues out of state that are forcing us to relocate to another state completely.

Since Phantomb Games is not even a year old, it's obviously not strong enough to be here without owners running it. So, with a heavy heart – we are announcing that Phantomb Games is closing its doors on May 1st. I'm sorry if this comes to you with bad news. Just know, it was not the intention, and obviously family comes first. It's not a matter of choice for us. We love all the amazing relationships we have built, and are broken hearted to part ways with our amazing staff.

We are not going to be restocking any new products during the closure. The closing discounts are going to be on both the website and in store. We will continue to liquidate the product until May 1st. At that point, anything left will be sold on Amazon/eBay, etc.. So, if you're looking for a good deal – NOW is your chance. Once these items are gone from our store, they are gone. No mas! :)

Once again, we are so sorry to have to announce this and make this decision. If this has been a dream of yours, or you know someone who might be interested in taking over – now is your chance to reach out. It is listed currently here:

If you have preorders that we won't be filling, we will be issuing refunds to your original form of payment prior to closing. If you have any items on layaway – please come and close out your sales by end of April. As well, if you have any gift certificates, please redeem them in store on/before the end of April. No returns or refunds will be accepted. Exchanges will be permitted if it's a defective product, of course. Any other details, don't hesitate to reach out to a member of management.

Even though it wasn't nearly long enough, we all want to thank you for letting us be a part of your lives. It has been an amazing experience that we are very sad to end early.

For those interested in buying Phantomb, they give the following details,

Asking Price: $180,000

Gross Revenue: $331,148

Inventory: $354,000*

Rent: $5,700 /Month

Established: 2018

*not included in asking price.

Business Description

Opportunities are endless in this exciting Pop Culture industry.

Just reduced $70,000. Have you ever wanted to own a Game, Toy, Comic and Collectibles store and didn't know where to start? This is your chance, we have created everything for you, from the brand, look and feel vendor sourcing, and FFE. We have taken great pride in creating a retail destination for our customers. No expense has been spared in the this 5710 SQ FT retail location. Included in the sale, all FFE, Brand Identity, Online Store, Inventory, Vendor Agreements, and trade secrets. Inquire today as this opportunity will not last long. **Please note the stated Gross Revenue is for the last 8 months, that's over $40,000 in monthly gross revenue.

Detailed Information

Inventory:

Not included in asking price

Real Estate:

Leased

Building SF:

5,710

Lease Expiration:

3/31/2023

Employees:

5

Furniture, Fixtures, & Equipment (FF&E):

Included in asking price

Facilities:

The 5710 SQ Ft retail location is leased on a five-year term with an option for an additional five- year term available.

Competition:

We are the largest store with the most diverse inventory in 100 plus miles. One competing store in the local area is 1000 SQ FT with limited product lines. We would not classify this as a true competitor.

Growth & Expansion:

There will always be opportunities for growth and this industry is ever changing. The most current opportunity would be to add Pop Up locations in the surrounding malls during the holiday season with one of our most popular product lines.

Support & Training:

We will provide 2 to 4 weeks of onsite transition training and coaching.

Reason for Selling:

We have to relocate out of state for family reasons.

Business Website:

http://www.phantombgames.com