This is an established and profitable Gift Card Exchange Business. Gift cards are an increasing option for gift givers for all occasions. The problem is, consumers are not always great at remembering they have them. In fact, the "spillage" rate for gift cards--those that are lost, expired, partially redeemed or entirely unused--was about 1.6 percent in 2012 and has been as high as 10 percent in recent years, according to Industry trade publications. And that's not peanuts when you consider that gift cards generate sales of more than $110 billion in the U.S. each year. The Gift Card Exchange business has exploded in the last 5 years and continues to see double digit increases as an industry. This business has managed to reach million dollar sales status in a little over two years. Sales in full year 2017 were over one million and has averaged over 1.1 million in the two full years in existence. Sellers Discretionary Earnings for 2016 and 2017 averaged over $95,000.00. This is a well established business, with positive earnings and completely turn key. The business model is simple and is easy to operate with relatively few moving parts. Also, the owner has committed to help the new owner have a successful transition with no cost on-site and no cost on-call support.
The business is located in a 1200 sq ft Strip Center on a major thoroughfare. The estimated car count is 25,000 plus per day.
This is a turn key opportunity with a business that has little to no inventory, relative small number of employees, with reasonable rent. This is a perfect opportunity for a person looking to work day to day in the business or as a passive owner.
The competition in this niche market is small. The business has established itself as the premier gift card exchange business in the region. The Gift Card Exchange business has exploded in the last 5 years and continues to see double digit increases as an industry.
The current owner has other business interest.
Will train for 2 weeks @ no cost. No special license is required to own and operate this business. The ideal candidate would be someone with good overall business acumen and excels at sales, customer service and business management.