Business Overview

55,000 sq ft of buildings on 5.41 acres of land. This is the ultimate shopping destination in the heart of the Pocono Mountains. Where you will find all your favorite brands including one of the largest selections of Vera Bradly, Dansko, Swarovski, Pandora, Jim Shore, Dept. 56 and so much more. This is the largest selection of bulk candy in the Pocono area. Along with fresh rolled ice cream, candles, boutique accessories, figurines, dishes, gourmet treats, coffee, teas, hand crafted fine jewelry, home interior, Disney products, Christmas gifts and much more. New retail R liquor license featuring all local wine and beer to go. Regular wine tastings. This may be expanded to a restaurant or bar. Conveniently located on major highway and a major tourist and shopping destination close to resorts, a casino, and ski areas. Buses are welcome and are a big part of the shopping experience especially in the fall and for Christmas as there is something for everyone. Web site online products ordering is also a part of the business. A new e-commerce site has just been developed and launched. A tremendous upside is expected.

Financial

  • Asking Price: $6,895,000
  • Cash Flow: $1,400,000
  • Gross Revenue: $4,100,000
  • EBITDA: N/A
  • FF&E: $400,000
  • Inventory: $1,500,000
  • Inventory Included: N/A
  • Established: 1980

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:54,800
  • Lot Size:N/A
  • Total Number of Employees:25
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Retail store, warehouse, manufacturing shop, ample parking.

Additional Info

The venture was started in 1980, making the business 42 years old.
The sale won't include inventory valued at $1,500,000*, which ins't included in the requested price.

The business has 25 employees and is located in a building with disclosed square footage of 54,800 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell businesses. Nonetheless, the real factor vs the one they say to you might be 2 totally different things. As an example, they may claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or a variety of various other factors. This is why it is extremely important that you not count totally on a vendor's word, however instead, use the seller's answer along with your total due diligence. This will repaint a much more sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that revenue margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in new customers? Often times, companies have repeat consumers, which form the core of their day-to-day revenues. Particular elements such as new competitors growing up around the location, road construction, as well as staff turnover can impact repeat customers and adversely influence future incomes. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to construct a returning client base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the local typical house income effect future earnings prospects?