Specialty Gift Shop

Germantown, TN
Shelby County

Memphis Suburb

Asking Price: Annual Revenue:
$359,000 $492,471

Retail: Florists, Gifts, Cards, Books

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RE: Specialty Gift Shop Broker: Steven Rose
License #: TN 308665

Quick Facts

Asking Price: $359,000
Annual Revenue: $492,471
Net Profit: $99,750
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: 1969
Employees: 6
BBN Listing #: 216462826
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This pandemic resistant business experienced a mere 10% drop in revenues throughout the 2020 year when many others had to close their doors and is back on track to fully recover to Pre-COVID sales and profits. Recent upgrades in POS and online ordering helped to maintain its momentum. Gift Horse is an upscale gift shop specializing in pottery and home decor in Germantown, Tennessee. It has been a family owned business for more than 50 years. This shop offers upscale items, such as home decor pieces, furniture, rugs, handmade pottery, jewelry, bath products, and gourmet foods. This retail shop in the heart of Germantown offers the finest in pottery and home decor in addition to beautiful products from Cinda B, Swan Creek Candles, Thymes, Aromatique and the highly exclusive line, McCarty Pottery. They provide free gift wrapping services and will even ship the packages.
Germantown is a great place to live, work and play! Own this completely turn-key business in the heart of the city.

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Property Features and Assets:

Approximately 3000sf of prime retail space in neighborhood shopping center on block from Poplar Avenue, the most popular traveled thoroughfare in the Memphis MSA.

Market Competition and Expansion:

Major growth in the immediate area includes Trader Joe's, The Container Store, Hobby Lobby, Bed, Bath & Beyond. There are many professional and medial offices on Exeter Road. This specialty gift shop has been family owned and operated for more than 50 years. It is a well known name and carries several exclusive lines of home decor and pottery. The current owners have in place a strong inventory and ordering system. They have extraordinary relations with suppliers and run a very tight ship. They have made a good living and a new owner could continue this trend. Leveraging the recently installed point of sale computer system could add to the already well-run management system.

Reason for Selling:

Owners are 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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