MergerPlace

Profitable Gift Shop

Florida (Manatee)


  • Asking Price: $99,000
  • Gross Income: $284,646
  • Cash Flow: $84,229
  • Real Estate: Not Disclosed
  • Inventory: $32,000
  • FF&E: $9,865
  • Listing ID: #201750
  • Established: 2009
  • Employees: 2 PT

Business Description

Coming into the peak season – the first quarter, the store has experienced impressive growth in 2017. High margin products include such things as; Quality T-shirts, Gifts, Decorative items and Licensed/Branded items. The broad product mix appeals to tourists and locals alike and the shop has a significant number of repeat customers. The company has meticulous records and the highly motivated husband & wife owners typically work at the store 3-4 days per week. The company also has 2 additional part-time employees. The shop is open 6 days per week. The store’s premium location in an enclosed mall has constant foot traffic both in and out of season.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Florida
County: Manatee

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $284,646
Cash Flow: $84,229
FF&E: $9,865
Inventory: $32,000
Seller Financing Available: Yes

Property Information

Facilities:

The store has a premium location within an enclosed mall.

Growth & expansion opportunities:

Although many customers ask about it, the current owners have not developed a website. Because they offer a popular mix of items, there could be active internet sales. Also, additional marketing could result in additional sales.

Competition:

This store is located within a mall with numerous other shops. While there are a few other shops with some of the same products, this store has an advantageous location within the mall. Located in Florida close to several prominent vacation destinations along the beaches, provides a good flow of tourists wishing to buy items to memorialize their visit to the area.

Reason for selling:

Owner to retire.

Support & Training:

Will train for 4 weeks @ no cost. Products include; quality T-shirts, Candies, Decorative Items, and Licensed/Branded items. This is a retail store open 6 days a week. Standard business licenses are required. The store is fully approved by the Health Department for the sale of candies. A new owner should understand basic retail management and inventory controls.

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Business Listed By:

Mark Purtee

Murphy Business Brokers