Seller's Contact Information
- RE: Major Price Drop On Home Decor Shop
- Contact: Ginger Adams
Quick Facts
Asking Price: | $115,000 | |
Annual Revenue: | $82,423 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $20,261 | |
Total Debt: | Not Disclosed | |
FF&E: | $10,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2002 | |
Employees: | 1 | |
BBN Listing #: | 34564075 | |
Broker Reference #: | 152089-368242 |
Business Overview:
Seller is moving and needs to sell immediately! This established home décor store on the busiest shopping street in this historic area. This shop is just off the town square and features rustic furniture, decor, apparel and jewelry. It is part of an increasing tourist presence which enjoys foot traffic from numerous town festivals across the street throughout the year. This store rents its 1864sf space in a circa 1820 historic building which features an iconic tin ceiling and gobs of character. The landlord does not require a lease, but instead rents month-to-month. The business has all 5-star reviews online and is known for its friendly and welcoming atmosphere. Current inventory is $110,000.00
Adding a website to offer online sales could greatly increase revenue. Also adding larger furniture offerings could increase revenue as well. Future growth will come as the city undergoes a renovation of the historic area, adding cobblestone streets, removing power lines, adding wheelchair access and better parking. The renovation has not begun but is planned for the immediate future.
Two-story storefront in a circa 1820 historic building.
The store has been in business in the same location for 20 years with the same owner. Over the years, the product line has expanded from one-of-a-kind western/country home decor items to include taxidermy, wellness products, clothing and also gifts.
There is only one other similar store in the same historic district, which is its primary competitor.
Adding a website to offer online sales could greatly increase revenue. Also adding larger furniture offerings could increase revenue as well. Future growth will come as the city undergoes a renovation of the historic area, adding cobblestone streets, removing power lines, adding wheelchair access and better parking. The renovation has not begun but is planned for the immediate future.
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Reason for Selling:
Health
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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