Seller's Contact Information
- RE: Unique Gift Shop With Real Estate
- Contact: Justin Grolley
Quick Facts
| Asking Price: | $1,250,000 | |
| Annual Revenue: | $1,363,021 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $269,672 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 28,500 | |
| Real Estate: | $650 | |
| Year Established: | Not Disclosed | |
| Employees: | 10 | |
| BBN Listing #: | 171835713 | |
| Broker Reference #: | 19894 |
Business Overview:
Profitable and unique Rhode Island gift shop providing an array of high-quality jewelry, gifts, candles, collectibles, home furnishings/décor items, gourmet food, candy and many other hard-to-find items.
This retail gift shop is a staple in the community and supported by locals and tourists alike. They have a great reputation, a large multi-generational customer base, and experienced employees in place.
The Owner has put their heart and soul into this business and is now ready to retire. They are open to assisting during a transition period to ensure the new Owners continue to succeed for many years to come.
There are additional sources of revenue available with this opportunity.
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Property Features and Assets:
This popular store is approximately 4,000 SF and provides an inviting atmosphere for customers to enjoy. The building is unique and has a lot of character. The Real Estate is offered at $650,000.
Market Competition and Expansion:
The business generates a sizeable cash flow and there is substantial growth potential by expanding the company’s online store, increasing social media efforts, and hosting pop up events.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- 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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