Mail Box and Gift Store

Not Disclosed, WA
King County


Asking Price: Annual Revenue:
$299,000 $749,051

Services: Printing, Shipping, Signs


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RE: Mail Box and Gift Store Broker: Claudia Smith

Quick Facts

Asking Price: $299,000
Annual Revenue: $749,051
Net Profit: Not Disclosed
Cash Flow: $94,030
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 6
BBN Listing #: 19914955
Broker Reference #: 8002-17118

Email or Print Listing

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Business Overview:

This is a wonderful spin on the traditional "mailbox" - a one-of-a-kind packing and shipping address location with the upside of offering gifts, cards and other needed and wanted services that boost revenues. This independent family owned business is located in a booming area in King County, this gem of a business is ready for the next buyer with lots of ideas for expansion!

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Property Features and Assets:

The business is in a strip center located between the two top anchors that generate lots of foot traffic and daily visitors to the center. It is 1400 sq ft of space, with a monthly rent of $6,900; the lease expires November 2024. Assets = $70,000

Market Competition and Expansion:

There are a number of franchised and non franchised competitors around but this store has set itself apart due to the mix of services and products it offers, as well as, friendly and efficient customer service. The mailbox and shipping services and gifts complement each other and the level of customer service has not only kept the clientele but brought in many new customers from further away. IBISWorld tells us that a growing economy is expected to benefit the industry early during the outlook period over the next five years to 2027, as increasing corporate profit and consumer spending, coupled with a reduction in social distancing measures, drive a short-term recovery in industry revenue. As a result, industry revenue is forecast to increase, rising at an annualized rate of 0.8% to $13.9 billion through 2027. There is much room for growth in the business. One option is to increase the hours of operation since pre-COVID hours have not been restored. Offering Virtual Mailboxes, adding social media, promoting to the database, more efficient staffing and pricing models would help manage costs and stimulate revenues and growth.

Reason for Selling:

Owners are moving out of state.

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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