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Asking Price:	$85,000 USD USA Dollars
Business for Sale Industry:	Retail: Florists, Gifts, Cards
Reason for Selling:	Seller must return to his Accounting Practice
Year Established:	2001
# of Employees:	5 Part Time
Yearly Revenues:	$505,620
Yearly Cash Flow:	$52,620
Yearly Net Profit:	$52,870
Yearly Gross Income:	$505,620

Business for Sale Overview:

This is the best Gift and Variety Store buy on the market. This store has been in the same location since 2001 and has produced very consistent income figures. It is a great location on a very busy main street surrounded by apartments, condos, businesses, and homes, with a large mix of ethnic population who frequently shop at this store. The owner, until just recently, has not worked the business (he is an Accountant), but due to Management problems he is forced to put his practice on hold and run the business. He is very motivated to sell ASAP. The store is 4,700 square feet, with an open and friendly feeling and is equipped with a high tech security system and a huge bay door for deliveries. The owner has just recently added Beer (which is bringing in about $1,500 per month) and he just added a 2nd cooler. The business will be adding Money Grams starting July 31, 2008, which should bring in about another 150 extra clients per month (frequently used by the large ethnic population in the area). The party supply section (the largest selling group of items) is being expanded. The Hispanic food section was just started about 5 months ago and is being expanded to meet the overwhelming demand. A whole section is being added of cell phone accessories (which has a huge mark up) to meet the increasing demand of the clientele for Bluetooth items and general accessories. The Seller has also negotiated a new contract with the tobacco products that dramatically increases the margin on those products. This and many more additions should skyrocket the revenues of the business.

Property Features and Assets:

This Gift and Variety store has been in the same location since 2001 and has produced very consistent income figures. It is a great location on a very busy main street surrounded by apartments, condos, businesses, and homes. There is 4,700 square feet which includes a large storage area with a bay door for deliveries. The business has a very elaborate security system. The total monthly rent is $5,000 and the lease runs till 12/31/2011 with options to extend the term.

Market Competition and Expansion:

There are other Gift and Variety stores in the area, however, they have come and gone while this one still prospers. Due to its unique blend of merchandise, the outstanding service, and the competitive pricing this store has a real marketing advantage. There is a huge upside potential to increase the sales of this business. The owner has just recently added Beer (which is bringing in about $1,500 per month) and he just added a 2nd cooler. The business will be adding Money Grams starting July 31, 2008, which should bring in about another 150 extra clients per month (frequently used by the large ethnic population in the area). The party supply section (the largest selling group of items) is being expanded. The Hispanic food section was just started about 5 months ago and is being expanded to meet the overwhelming demand. A whole section is being added of cell phone accessories (which has a huge mark up) to meet the increasing demand of the clientele for Bluetooth items and general accessories. The Seller has also negotiated a new contract with the tobacco products that dramatically increases the margin on those products. This and many more additions should skyrocket the revenues of the business.

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.