Established Richmond Area Gift Store For Sale

Midlothian, VA (Chesterfield County)

Established Richmond Area Gift Store For Sale

Asking Price:$60,000

Cash Flow:N/A

Gross Revenue:$575,000

EBITDA:N/A

FF&E:$21,000

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:2011

Established Richmond Area Gift Store For Sale

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Business Description

Amazing opportunity to purchase an established, turn-key gift store!

Midlothian's go-to gift store, Sassy Bee, is available for sale. This is an amazing opportunity for someone to purchase an established, turn-key business that is poised for transition and future success!

Sassy Bee is known for it's personalized shopping experience, on-trend gifts, accessories and seasonal decor. In addition to a vast selection of monogrammed gifts, the store offers in store embroidery and vinyl application on store and customer owned items.

Located in the Shoppes at Bellgrade, a high traffic, female focused shopping center in the affluent 23113 area of Midlothian.

Included in this asset based sale are the following:
- Five years of proven sales history with a 20% average annual growth every year since establishment
- Tradename & goodwill
- Outstanding Facebook presence with a following of nearly 2000
- An email and mailing database of 5000+ fiercely loyal customers
- Digital marketing assets (email campaigns for past events & promotions, vector art files for print advertising)
- All fixtures, furniture, display materials and any remaining packaging supplies.
- Training & Support; owner is willing to attend market in January 2017 to assist with the new owner's initial buying trip. (travel expenses to be covered by new owner)
- Detailed reports of strongest performing products & departments
- Leasehold interest & leasehold improvements. Assignment of the lease to new owner at the discretion of the landlord.
- Equipment and software for two point of sale stations with a third back office workstation for order input and receiving.

Existing inventory will be liquidated during the holiday season. Any remaining inventory valued at up to $5000 at cost will be included in the asking price. Inventory over $5000 will be sold at a percentage of wholesale cost - % amount to be discussed & determined during the negotiation process.

Detailed Information

Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
5/31/2019
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located within a busy shopping center that has easy access and ample parking. 2100 sq ft with a lease end date of May 2019. Selling space is move in ready. Spacious back room includes office space, a work room for in house decoration and inventory storage.
Growth & Expansion:
Plenty of room to grow by expanding the client demographic and increasing exposure within the community! Current owner is happy to share strategies during training and transition.
Support & Training:
We welcome the new owner to spend time in the store with our staff during the holiday season. This would provide an excellent opportunity to connect with clients and to work side by side with our team during our busiest time of year. Current owner is happy to discuss whatever training the new owner feels would be helpful to ensure a smooth and successful transition.
Reason for Selling:
Owner feels the store is poised for transition & is ready to retire.
Business Website:
http://shopsassybee.com

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Business Listed By:
Gavin Raphael

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