MergerPlace

Unique Retail Shop

North Carolina (Wake)


  • Asking Price: $52,000
  • Gross Income: $147,586
  • Cash Flow: $28,456
  • Real Estate: Not Disclosed
  • Inventory: $20,500
  • FF&E: $2,500
  • Listing ID: #205780
  • Established: 2009
  • Employees: 1 FT/ 1 PT

Business Description

The shop offers authentic, nostalgic pieces that aren’t found everywhere. Its diverse collection of antiques, vintage items and whatnot's–including cameras, lamps, glassware, collectibles, signs, primitives, tools, toys, furniture, reproductions, home décor and gifts–takes customers back to a simpler time when products were made to last.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: North Carolina
County: Wake

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/ 1 PT

Financial Information

Asking Price: $52,000
Gross Revenue: $147,586
Cash Flow: $28,456
FF&E: $2,500
Inventory: $20,500
Seller Financing Available: Yes

Property Information

Facilities:

The current space is approximately 3,600 square feet, over two floors. Seller pays market rent and landlord will continue to seek same after the sale. Length and terms of new lease are negotiable. Current lease expires August 31, 2019 with an option to renew.

Growth & expansion opportunities:

The owner states that a buyer could “easily double or triple business if they listed everything online”. An employee could be hired to handle those listings. -Expansion into the full basement area, which is included in the current lease, could be a strategy to revive the consignment booths and return to the revenues experienced in previous years. - Garden art, old jewelry, new furniture are some of the areas the current owner suggests as possibilities for growth.

Competition:

The location is marketed as a shopping destination. Other local antique and home décor shops are the biggest & closest competitors. Online sites such as eBay are competitors as well but don’t offer the personalized attention that this business does.

Reason for selling:

Owner would like to retire due to health issues.

Support & Training:

Will train for 2 weeks @ no cost. The owner states that the biggest joy in this business has been meeting customers, watching the reactions to the interesting inventory pieces. Repeat business with word of mouth marketing are the cornerstone of their business, representing approximately 30% of revenue.

Contact Business Seller

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Business Listed By:

Heather Holding

Murphy Business Brokers