Seller's Contact Information
- RE: Booming Renowned Book & Card Shoppe
- Contact: Shawn Reilly
Quick Facts
Asking Price: | $550,000 | |
Annual Revenue: | $950,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $225,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1974 | |
Employees: | Not Disclosed | |
BBN Listing #: | 635833937 | |
Broker Reference #: | CARD |
Business Overview:
It is indeed my pleasure to offer this prosperous notable Shoppe unlike no other with signature Hallmark Cards and merchandise, located smack dab in the middle of town on the town green in upscale east shore village with a 60 car parking lot. After 40 years in business servicing the community the family says its time to move on to a well earned retirement, they have been a mainstay in town. Thousands of cards are sold on a regular basis with an incredible $50,000 net income from lottery alone to say nothing about the huge sales of books, news papers, magazines, gifts, holiday display merchandise, candy and more. They are offering a whopping 60% discount on their existing inventory to qualified experienced operator which is reason enough to buy this one. It truly doesn’t get much better than this opportunity with little to no down side or risk with 40 tried and true proven years with a massive loyal customer base. This type opportunity rarely comes on the market act now.
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Property Features and Assets:
3,400 legendary square feet, mere $5,500 gross rent plus utilities is under 8% rent factor, their own 60 space parking lot, Main St location in the middle of town across from the green, long term lease available, open 7 days, established 40 high grossing years, Hallmark products, upside potential, full dry basement for storage
Market Competition and Expansion:
Growth & Expansion: Adding a self serve coffee station and humidor
Reason for Selling:
Well earned retirement after 40 years
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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