Business Overview

Fabulous gift shop located in the heart of one of Portland’s trendiest neighborhoods, offers well designed and carefully curated gifts, home décor, baby clothes, toys, stationery and PNW themed curios.

Featured in the New York Times, Sunset Magazine, Rachel Ray and Portland Monthly Magazine, this unique shop has a strong local, national and international following and customer base. A recently revamped POS system and modern website allows for efficient processing and shipping of orders. Over 4,200 Instagram followers and a popular Facebook page.

This fun and easy to run shop employs the owner full time, as well as two long term full time and one part time employee. After 9 years running this successful business, the owner is ready to retire.
Established in 2013, this business was born of the concept that the ideal shop should offer unique and well-designed products at affordable prices – in an inviting, approachable, relaxed atmosphere.
There are other gift shops in town but few that inspire the loyalty and following of this one.

The US gift, novelty, and souvenir store industry includes about 22,000 stores with combined annual revenue of about $16 billion. The average person spends $1,387.04 a year just on holiday gifts. That total doesn’t include casual gifting or life milestones that traditionally involve gifts, like birthdays, graduations or retirements.

New owner could grow the business even further by expanding categories and increasing online ecommerce business.

Multi-Use building

Financial

  • Asking Price: $285,000
  • Cash Flow: $95,423
  • Gross Revenue: $398,000
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: $4,000
  • Inventory Included: Yes
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,400
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The company was founded in 2013, making the business 9 years old.
The sale will include inventory valued at $4,000, which is included in the listing price.

The company has 3 employees and resides in a building with approx. square footage of 1,400 sq ft.
The property is leased by the business for $5,380 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell companies. Nevertheless, the real reason vs the one they say to you might be 2 completely different things. As an example, they may state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be excuses to try to hide the reality of altering demographics, increased competition, current decrease in earnings, or an array of various other factors. This is why it is extremely important that you not count completely on a vendor's word, yet rather, use the vendor's solution in conjunction with your general due diligence. This will paint a much more sensible picture of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that earnings margins are too thin. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be met or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in brand-new consumers? Many times, companies have repeat clients, which create the core of their day-to-day revenues. Specific variables such as brand-new competitors growing up around the location, roadway building, and also staff turnover can impact repeat clients as well as negatively affect future incomes. One important point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the opportunity to develop a returning client base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood typical household income impact future earnings potential?