Seller's Contact Information
- RE: Gift Shop Business-only In Gatlinburg, TN!
- Contact: Kavita Purohit
Quick Facts
Asking Price: | $479,000 | |
Annual Revenue: | $290,823 | |
Net Profit: | $150,013 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 939834 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Yearly net sales are currently over $290,000! Net profit is over $150,000 per year AFTER paying $65,000 in Payroll and all other expenses! The $65,000 Payroll includes a Manager's Salary of $48,000 per year!
Seller rarely works on the floor of the store! Huge opportunity for the Buyer to owner-operate and take home more than $200,000 per year by reducing payroll and working the floor!
Products are high margin items! Seller's margins are an average of 84%!
Rent is ONLY $1,400 per month with nearly 5 years remaining on the Lease!
Store is only open 12 hours a day!
Rated 4.2 out of 5 stars on Google with nearly 90 reviews! Business has nearly 4,000 Facebook followers!
Business does not have a website nor any eCommerce presence. Buyer can sell products online to the Business's repeat customer base that have been loyal to the store for over a decade!
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Market Competition and Expansion:
Major development in the area with 112 planned Single-Family Homes as well as an additional 42 residential units being developed!
Average traffic count of 11,400 vehicles passing by the Mall each day!
Reason for Selling:
Sellers are looking to relocate.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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