Iconic Retail Business (Long Term Lease)

This acquisition opportunity is a community beloved retail establishment located in Port Townsend. In addition to its scenic natural surroundings Port Townsend is a U.S. Historic Landmark District known for the many Victorian buildings remaining from its 19th century heyday, beaches and trails, local art, numerous cultural events, and maritime center. A 2-hour trip from the downtown Seattle area, the city is considered the “Perfect getaway from the ordinary.” Port Townsend, with a population of approximately 10,160 people, is the county seat and only incorporated city in Jefferson County. The population in the community has grown by over 20% since 2000.

Featuring a business model catering to both the local customers and tourists, the company merchandises its nearly 15,000 square feet of retail space with a broad spectrum of products including an entire line of locally sourced lifestyle products that make perfect gifts. Current owners have completely revamped the space including the floor plan, merchandisers, cooling and HVAC systems, lighting, wiring, and plumbing in order to optimize operations and accessibility to customers.

The staff of the business consists of 20 to 21 long tenured full & part-time individuals. Current ownership acts as store management, executive oversight, financial planning, and niche merchandising.

The present rent amount for use of the space is $11,000 plus an estimated $6,250 in triple net charges. The present lease runs through June 30, 2032 with an option to extend through June 30, 2037. The current lease also includes right of first offer to purchase real estate.

• 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