40-Year Old Kitchen Gourmet Retail Shop

Aiken, SC
Aiken County

Southeast


Asking Price: Annual Revenue:
$300,000 $527,235

Retail: General Merchandise - Retail


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RE: 40-Year Old Kitchen Gourmet Retail Shop Broker: Michael L. Togneri
Owner Financing is Available!
To qualified Buyer.

Quick Facts

Asking Price: $300,000
Annual Revenue: $527,235
Net Profit: $109,000
Cash Flow: $109,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: 4
BBN Listing #: 222057329
Broker Reference #: 41415025

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Business Overview:

This Kitchen Gourmet retail shop offers its customers high-end cookware, dinnerware, numerous kitchen tools, and gourmet specialty food products that will satisfy the requirements in entertaining friends or for a professional chef. This unique retail kitchen store provides online and in-store sales to its long-term customers. Project Kitchen has been operating continuously for 40-years from the same location.

The business retail shop is located in Aiken, South Carolina., in a small city of 30,000 people. The community, founded in 1835, is an equestrian community with historic charm and tradition and is a “picture postcard place” with live oaks archway avenues, beautiful formal gardens, and thoroughbred training on most days, especially during the winter months. The equestrian community also has polo matches and fox chases year-round. These events bring thousands of tourists to Project Kitchen’s city where they shop at this unique store.

Customers marvel at Project Kitchen’s selection of gourmet tabletop, glassware, kitchen tools, cookware and cutlery, and specialty food products. The owner frequently is changing the mix of their inventory to appeal to different demographics. For example, the retail shop stocks high priced exclusive “Brands” for their long-term customers, as well as more affordable kitchen items for every customer. Also, Project Kitchen provides complimentary gift wrapping and has a popular bride’s registry.

The family, who has owned the business for nearly two decades has reluctantly decided to sell the business. The family matriarch is 86 years old, and his daughter is 57 years-old has other interest in her life and does not have the time or the desire to continue with the business.

Project Kitchen maintains approximately $115,000 (included in the sales price) of product inventory that will peak around $200,000 during the holiday season.

For detailed information, please contact Mike or Eric Togneri or email us.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The business is on the corner of two main streets in Aiken, SC and has been at the same locations since the business was established.

Market Competition and Expansion:

Significant growth can be achieved for online sales. The store is unique and stocks merchandise that is unique.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • 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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