Tourist Oriented Retail Chain (Oregon Coast)

Not Disclosed, OR
Clatsop County

Asking Price: Annual Revenue:
$4,900,000 $3,600,000

Retail: General Merchandise - Retail

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RE: Tourist Oriented Retail Chain (Oregon Coast) Broker: Stephen Cohen
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $4,900,000
Annual Revenue: $3,600,000
Net Profit: Not Disclosed
Cash Flow: $1,450,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 710435781
Broker Reference #: TRB2022

Email or Print Listing

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Business Overview:

This business is a successful multiple decade old tourist apparel and souvenir retail store chain. The company specializes in souvenir apparel with custom printing for children and adults, water toys, sand toys and a variety of souvenir hard goods. The business has an incredible reputation due to excellent customer service and a wide variety of proprietary custom designs that are not available from other competitors in the area.

The company has created its own Pacific Northwest brand which drives customers to all the stores on a regular basis. The business operates 7 days a week with extended hours in the busy summer period. The Oregon Coast tourism economy is the second largest in Oregon, second only to the Portland region. In 2021 the Coast captured 17% ($2.053 billion) of $12.3 billion total statewide spending, and an estimated 59% (17 million) of Oregon's total 29.1 million overnight visitors.

Based on the season, the business is staffed by between four and seven Full Time individuals focused on delivering a variety of services. The general manager has created proprietary excel spreadsheets to interact with the excellent POS system in analyzing all purchases to optimize pricing and profitability. The artistic director is responsible for creating and maintaining unique designs, and also can help with other operational items. Both employees have been with the company for multiple years and have every intention of staying around for many years to come. The owner works 20-25 hours a week overseeing production, handling purchasing and wholesale accounts, staff management and scheduling. His level of knowledge and commitment to the long-term success of the business will be integral in a powerful training and transition process. The business is extremely well run and the two senior employees have the ability to manage and run the onsite day-to-day operations when key managers are at each location.

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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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