Business for Sale Overview:
This is a well established, handcrafted gift and souvenir retail business with two locations on Hawaii Island. Both locations are exceptional with one in Hilo and one in Kona. Both benefit from excellent store front exposure in locations that have unbeatable walk-by traffic.
In terms of the overall strategy, this business exemplifies exceptional planning and execution. They operate on a niche basis of differentiation in the products they offer, which they are able to obtain direct, custom ordered from their manufacturer on an unbeatable cost basis (i.e. they achieve 70% gross profit margins), and they operate out of high value, cost effective locations. The result is, in just over three short years, this business has grown to the point of generating a Seller’s Discretionary Earnings over $160,000 (not including T&E taken by the owner, totaling over $5,000), and this is with the Hilo location having a full time manager! In addition, the sale includes $90,000 in fresh inventory!
That is just what the store already offers. On the growth side, the business has some impeccable opportunities. Currently, there is no web store for the business, but a new owner would be free to explore the option. Considering the product offering, a web store would be a low cost and likely highly effective avenue for growth.
In terms of ideal retail opportunities, this business just about has it all; absentee ownership possibilities, 3 plus years of proven success, low cost leveraged suppliers, product customizability, excellent location, long term leases at good terms, and possibly most importantly, products that appeal to both the locals and the tourists. From a Quality of Life standpoint, the business allows a new owner to live in Hilo or Kona, or have both locations managed and operate virtually absentee! If you have an interest in a prime retail opportunity on the Big Island of Hawaii, then this may be your ticket to Paradise!
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.