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Business For Sale
GIFT SHOPPE
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Asking Price: |
$425,000
USD USA Dollars
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Business for Sale Industry: |
Retail: Florists, Gifts, Cards
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Reason for Selling:
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other interests |
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Year Established:
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1974 |
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# of Employees:
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12 |
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Yearly Revenues:
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$582,465 |
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Yearly Cash Flow:
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$65,122 |
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Yearly EBITDA:
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$45,028 |
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Yearly Net Profit:
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$65,122 |
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Yearly Gross Income:
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$307,281 |
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Monthly Payroll:
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$7,353 |
Business for Sale Overview:
This is located within 5 miles of downtown Madison Wisconsin. Store has been in business for 34 years. Current owner has owned for 2 years. Business is being sold for basically 1x of inventory and 1x of annual earnings. This is priced to sell, and has absolutely beautiful presentation and stock. Vera Bradley, Pandora, Fraz, Webkinz, Mele, Gund, Hallmark, Wilson, Baker, Tatiri, Joseph, Karr, are just a few of the vendors. Owner has displayed and markets in a very creative fashion with catalogs, special trunk sales, sidewalk sales, and special events in store. This is a beautiful shop with product displayed to perfection. Product line encompasses men, women and children. Catalog hits in fall to increase 4th Quarter sales, best quarter of the year. Great time to consider as the heaviest sales are just coming up. Highly knowledgeable staff, special shopping assistance, and gift wrap are added service. This is priced to sell and is really unlike the traditional gift shoppe.
Property Features and Assets:
This is located in a craft mall with other stores that attracts other buyers. High traffic in great location in Madison, WI. Pulls customers from all of the surrounding communities. Circulates catalog that attracts buyers from far and wide. 4,600 square feet lease that is negotiable.
Market Competition and Expansion:
This owner does a fantastic job with trunk sales, special marketing events, catalog, and sidewalk sales in addition to the vast displays of product and product sections in the store.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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