Retail Shop in Western North Carolina for Sale

Black Mountain, NC (Buncombe County)

Seller Financing Available
Something Fun for Everyone!

Asking Price:$99,500

Cash Flow:$73,642

Gross Revenue:$352,115

EBITDA:N/A

FF&E:$26,055

Inventory:$92,000*

Established:2001

*not included in asking price.

Retail Shop in Western North Carolina for Sale

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Business Description

A downtown tourist-driven retail business offering the highest quality and most sophisticated fun designs with primary regional themes is now available. Products include tee-shirts, silver jewelry, shoes, handbags, hats, stuffed animals, apparel, souvenir items and more.

With a large selection and number of sizes, ranging from the practical to the elegant, the business has perfect gift items for ages 0 to 99 as evidenced by being in the top three retailers in the city for the last 15 years! Store business and finances are tracked by a sophisticated Point of Sale System.

FF&E includes beautiful, upscale natural wood display cases and shelving which were handmade by a local furniture artist. The business opened in 2001.

Detailed Information

Inventory:
Not included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located at a major intersection in the heart of a bustling Western North Carolina town, the store leases a prominent store front location including approximately 2,000 sq. ft. on two levels at the rate of $1,725 per month. The three year lease has a two year option for extension.
Competition:
This well-established and stable business has achieved recognition as the official source of licensed and branded items representing the community and providing branded items for four other major area attractions. Through positive advertising, the company has become the premier source in town for souvenirs, gifts, apparel, shoes and hats, etc. from well-known and highly desirable brands,
Growth & Expansion:
An ample inventory selection, well displayed and easily accessible items are the terms that immediately come to mind when a visitor walks into the store. As you walk through the beautifully crafted display shelves and racks, additional inventory is revealed which lures the customer to explore the entire store. Increasing tourism and great local and vacation/camp populations provide a steadily increasing customer base. Subtle merchandising combined with highly visible shopping bags assure that exiting customers continue to carry the store's message throughout town.
Financing:
Limited Seller financing may be available for well-qualified buyer
Support & Training:
Sellers will provide transition training and support in addition to the possibility of a longer term consulting agreement if desired.
Reason for Selling:
Retirement

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Gregg H. Solms, C.B.I.

Business Listed By:
Gregg H. Solms, C.B.I.

Southeastern Regional Business Brokers

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