Retail - Apparel & Accessory Stores

Asking Price	$250,000	Inventory	$70,000*
Gross Income	$471,500	Real Estate
Cash Flow	$46,170	Year Established	N/A
FF&E	$30,000*	Employees	N/A

* included in the asking price

** not included in the asking price

With over 60 years as one of the highest profile retailers in the area, this iconic specialty gift shop attracts locals as well as recurring tourists. Many say it is the MUST STOP shop in town. The store features unique gifts, souvenirs, resort T-shirts, jewelry and women s accessories, clothing, and unique toys. The owner believes everything should be fun and affordable one of the main reasons for the store s longevity and popularity.

Facilities: The facility contains about 1,575 sq. ft. on the ground floor with a small loft and storage space in the basement. Current rent is scheduled at $5,000 per month, but the landlord has reduced the rent to $3,750 through the end of 2009 in response to the recession. The lease has been extended through 2017.

Growth/Expansion: After managing the business remotely for several years, a fresh approach to marketing and a local presence by an owner would be a positive factor. The in-store management and experienced sales personnel all plan to stay. Additionally, the owner leases an adjacent retail shop. This space is also available for lease to the new owner either as expansion of the existing business format or as a replacement for other retail themes. Several former retail establishments in the community have closed, however the need still remains for various products.

Reason Selling: The Seller is planning to retire.