Retail - Miscellaneous Retail

Asking Price	$105,000	Inventory	$150,000**
Gross Income	$700,000	Real Estate
Cash Flow	$125,000	Year Established	1980
FF&E	$50,000*	Employees	12pt

* included in the asking price

** not included in the asking price

Terrific Location!

Upscale, gift shop located in one of New England 's most desirable upscale regions. This successful retailer appeals to a broad range of customers, and most business is derived from a repeat, loyal customer base. Fun, useful and decorative items make life a little nicer and more luxurious. Some popular items include Vera Bradley, Yankee Candle, Crabtree and Department 56. There are a wide range of products for the home or personal use. The business is managed by the owner, and complemented by a talented staff which provides him with significant time to pursue other interests. Revenue in excess of $700,000 will generate an operating profit of approximately $125,000.A working couple would reduce labor and could realize $20,000 to $30,000 in additional income. The business is located in a most desirable Ivy League college community in the Northeast. Activities include a year round outdoor recreational area, cultural events, an Ivy League college that welcomes the public to athletic contests, art exhibits, and timely lectures and talks. This is a very special area in which to live and own a business!

Facilities: The business leases 4,400 sq. ft in a busy commercial shopping area. The open space of the store allows for the ability to show the many items, for creative, appealing displays. There is an abundance of parking and the activity of other tenants is complementary to all. A long term lease should be available.

Competition: There are many businesses in the area that merchandise some similar items, but none have the variety of unique upscale items found in this store.

Growth/Expansion: The shop has grown over its 20 year history, from change of location in 1992, and the expansion of retail space to meet the demands of additional merchandise needed. The current space can facilitate significant growth.

Support/Training: As part of this transaction, the owner will train the buyer.

Reason Selling: Retirement