Hallmark Gold Crown And Accessories

Business Overview:

Continued strong performance for 2023. This is a turnkey operation with management systems and employees in place for an easy transition. Consistent combined historical sales revenue are in excess of $1,500,000 and is tracking at $1,663,000 which is a 4.5% projected increase over 2022. The business is two side by side stores- a Hallmark Gold Crown Store includes national web orders and a higher-end boutique with individual storefronts. The boutique brands include Pandora, Brighton, Swarovski, Kendra Scott, Crislu and Katie Loxton- The synergy of the two stores, high volume and high margin, blend traffic resulting in higher gross margins. The Hallmark store boasts 36 years of continual operation and national brand recognition. The separate but connected boutique of 10 years continues to grow in revenue due in part to its exclusive and unique brands. Product line: Jewelry, Cards, Gifts, Stationery and accessories.

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Property Features and Assets:

7,000 sq ft including storage.

Market Competition and Expansion:

This is the only Hallmark store in Rockland County to earn the prestigious Gold Crown status. The boutique supports exclusive brands not found anywhere else in Rockland County. It is located and surrounded by a residential neighborhood in a popular shopping center. This gives the store superior visibility and ease of access.

Reason for Selling:

Retirement and moving out of the area.

Additional Details:

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