Business Overview

This is a turnkey operation – ready for a new owner to reap the benefit of many years of sales. This awesome retail store had the best year ever this past year even thru the pandemic! As of year end of 2021 – Gross revenue was up to $263,811 This gift shop specializes in home décor giftware with an extensive base of patrons following online and in person! The store is very appealing and well stocked. The store is being sold at a rock bottom asking price of 100K which of course, does not include the inventory at the time of purchase – 45K or less. The establishment weathered the pandemic very well. The owners’ wish to retire. The shop displays top quality merchandise and has a knowledgeable staff. This is a turnkey operation.

Financial

  • Asking Price: $100,000
  • Cash Flow: $118,827
  • Gross Revenue: $263,811
  • EBITDA: N/A
  • FF&E: $8,000
  • Inventory: $45,000
  • Inventory Included: N/A
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,500
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Located in a busy thorough fare area of Colorado Springs

Is Support & Training Included:

TBD

Purpose For Selling:

Retirement

Pros and Cons:

There are not many retail stores with this many desirable items for sale

Opportunities and Growth:

Only growth would be to change to a larger location but these owners' are happy with the business being in the present location

Additional Info

The business was started in 2004, making the business 18 years old.
The sale won't include inventory valued at $45,000*, which ins't included in the suggested price.

The company has 3 employees and is located in a building with approx. square footage of 3,500 sq ft.
The property is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell operating businesses. Nonetheless, the real factor vs the one they say to you might be 2 entirely different things. As an example, they might claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or an array of other reasons. This is why it is really essential that you not count absolutely on a vendor's word, but rather, make use of the vendor's solution along with your total due diligence. This will repaint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that earnings margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new customers? Many times, operating businesses have repeat customers, which form the core of their daily revenues. Specific aspects such as new competition growing up around the location, roadway building, and personnel turnover can impact repeat consumers and also negatively impact future revenues. One vital point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the greater the opportunity to develop a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the local mean household earnings impact future earnings prospects?