Vendor Mall With RE- North Georgia

Business Overview:

This well-established retail vendor mall destination has become a prominent fixture in its North Georgia community, consistently earning local accolades for its offerings. The business functions as a multi-vendor marketplace, featuring a diverse and constantly evolving selection of unique home furnishings, decorative items, and vintage treasures across approximately 9,400 square feet. A significant strength lies in its robust social media presence, with a substantial following that actively engages with daily posts and drives sales. The company benefits from a loyal vendor base with an average tenure of eight years, contributing to a curated shopping experience. An ownership change has resulted in a notable increase in financial growth, with revenues rising from $400,000 to $1.5 million. The business model emphasizes active floor engagement and strong customer service from experienced staff and vendors, which also helps deter shoplifting and encourages additional sales.

The business presents opportunities for further growth through expanded social media strategies, including live sales events and exploring new platforms. While the primary showroom is climate-controlled, approximately 75%of the building, which is used for warehousing, is not air-conditioned, a factor that customers have consistently accepted. The operation requires a hands-on owner with a focus on leadership, staff and vendor support, visual merchandising, social media marketing, and customer service. The role also involves physically demanding tasks such as lifting and loading furniture. The business experiences seasonal fluctuations, with the fourth quarter typically yielding the highest revenue and summer months reflecting a slowdown.

The SDE shown includes a rent charge of $19,650 and is based on the Last Twelve Months through December 31, 2024, for a full-time owner-operator. The real estate is being offered for sale by Murphy Business & Financial Services in conjunction with the sale of the business for $650,000. >>

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Property Features and Assets:

The business operates from a sizable commercial property that serves as a multi-vendor retail space. A portion of the building is climate-controlled,providing a comfortable shopping environment for customers. The remaining area,utilized for operational purposes, is not temperature-controlled. The property is well-located, which contributes to consistent customer traffic and increased visibility.

Assets = $667,400

Market Competition and Expansion:

Operating in a specialized retail segment, the business faces the typical industry competition. Consumer trends and economic conditions can influence the market for such goods. Despite these factors, the company has consistently demonstrated strong growth, indicating a resilient business model and effective market positioning.

This business exhibits substantial potential for future growth by expanding its digital footprint and diversifying its sales channels.Opportunities exist to engage new customer segments through advanced social media tactics and to introduce online purchasing options. Enhancing operational support could further streamline processes and contribute to increased efficiency.

Reason for Selling:

Other business interests. Kindly ask the seller for more information.

Additional Details:

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