Business For Sale

Historic Triangle VA - Retail Thrift Shop

Not Disclosed, VA

Asking Price: Annual Revenue:
$149,000 $24,000

Retail: Non-classifiable

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RE: Historic Triangle VA - Retail Thrift Shop Broker: Hal Feder

Quick Facts

Asking Price: $149,000
Annual Revenue: $24,000
Net Profit: Not Disclosed
Cash Flow: $12,476
Total Debt: Not Disclosed
FF&E: $1,850
Real Estate: $135,000
Year Established: 2012
Employees: 1
BBN Listing #: 27424955
Broker Reference #: 2007-14494

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Business Overview:

Charming, Established, and Profitable. This retail Thrift Store is located in the heart of the Historic Triangle of Virginia where antiques, collectibles, and memorabilia of yester-year attract a steady and loyal following of buyers. The business owns all of its inventory (no consignment goods are ever offered) and has built an established, well known and respected brand name in the community. The owner has nurtured and developed a merchandise supply chain that insures the inventory stays fresh and appealing -- from practical housewares to boutique items and decor, including jewelry, collectibles, vintage items and much more. There is literally something for everyone in the family in this fun, interesting and pleasant shopping space. The inventory is included in the asking price but is completely at the buyer's option -- so the price will be adjusted downward if the buyer does not want to purchase.

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Property Features and Assets:

The standalone 1,125 square feet building is located in the heart of Historic Virginia, in a perfect location for a thrift retail business (or many other business possibilities from a professional practice, computer repair shop, or a used vehicle business). The building has been restored to service this current operation, but it has served many purposes over its 118 year life. Leasehold improvements of $11,700 have made this historic space look and feel all new again. The building is situated on a side street approximately 50' from a busy traffic corridor which carries daily commuters and locals. There is a self-contained parking lot which could hold around 10 vehicles. The Real Estate in this offer carries a significant portion of the value and could be tailored to any business offering an entrepreneur could imagine. Inventory, Fixtures & Furniture, and Leasehold Improvements are all included and valued at over $21,000. Total Assets: $156,050

Market Competition and Expansion:

The retail Thrift Store market in this location is relatively competition free with next consignment/type thrift offerings about a 15-20 minute drive away. The very nature and lifeblood of this business is unique, one of a kind merchandise which makes inventory selection critical and competitive factors less important. There are a few significant growth opportunities available: 1. Longer operating hours -- currently business only open 4 days 2. Additional marketing resource investment to neighboring town audience 3. Inventory adjustments to include greater mix of furniture or higher end items

Reason for Selling:

Seller wants to retire to pursue personal interest.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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