36+ Year Hallmark , stable revenues, just $87,000 down
High Prestige Investment, Easy to Run
36+ Year Hallmark Gold Crown, stable revenues, just $87,000 down, second owner. Wealthy area.
The only reason this fantastic opportunity is on the market is the owner who does not want to sell has health issues. This is a simple and clean business to operate without the demanding schedule of other businesses. The sellers, having owned this store more than 7 of those years, are only the second owners of this highly profitable business grossing more than $80,000 monthly. There are no royalty or franchise fees as Hallmark Gold Crown stores are “licensed” to use the brand and sell the highly sought after Hallmark products. You will never be at a loss for support, guidance, nor training with the help of your local and national representatives at Hallmark. And again, the best thing about the support from Hallmark is it’s FREE for simply ordering Hallmark products.
This business will qualify for SBA financing with only an $87,500 down payment. Therefore, a loan at 5.75% for 10 years would yield approximately a $90,428 annual net income (after debt service of $2,881/mo.) for the new owner and result in a cash-on-cash return of an incredible 103%. Starting from scratch with your own retail business of another kind could cost as much as $500,000; then you are hoping to get people in the door.
Hallmark negotiates discounts with vendors for you, advertises nationally, and even sends business straight to you from Hallmark.com. The sellers even own a database of more than 4,000 customer email addresses that you can market to directly. With approximately $80,000 of inventory included in the sale, there could not be a better business for well-qualified buyers than this high quality, turn-key opportunity.
The next closest Hallmark store is more than a 12-mile drive from this location. The store is in 3,240 total square feet (3,040sf retail) of an immaculately maintained Class A neighborhood shopping center with well-known grocery and drug chain stores. On average monthly sales of $80,000+, the rent is $13,000 monthly (NNN incl). There is 2+ years remaining on the lease with the accommodating landlord who wants Hallmark in the shopping center. The sellers will allow contingency for new lease.
This is the world’s best known brand in the gift and greeting card business and we do not expect this rare opportunity to last long. Contact us today. To protect our client’s confidentiality it is necessary for your agreement on our Non-Disclosure Agreement (NDA). Signing our NDA is by easy online signature and no printing/faxing is necessary. Call or submit the form now and Rick Hudson will contact you immediately.