Retail - General Merchandise Stores | Retail - Home Furniture & Furnishings

Asking Price	$78,000	Inventory	$50,000**
Gross Income	$314,355	Real Estate
Cash Flow	Not Disclosed	Year Established	1984
FF&E	$30,000*	Employees	5 pt

* included in the asking price

** not included in the asking price

This business has been established since 1984 in one of the choicest locations in the boutique town of Edmonds. It has a loyal and dedicated clientele. The revenues of the business have increased over 15% for the last 2 years. The business offers cards (about 30% of the revenues), gifts, stationary, papery, Wedding Invitations & accessories, candles, pens, stickers, and home decor items. The business has over 10 exclusive lines of gifts, stationary, and papery. The owner is virtually absentee (10 hrs per week) and wants to simplify his life. Revenues could easily be increased by adding more stamps, card making and scrap booking supplies, "How to" classes, and an Art and Frame section. This is a very stable business that is poised for the new owner to take it to the next level.

Facilities: This business is located in one of the choicest spots in the boutique town of Edmonds. It has high visibility, great walk by traffic, it is close to the new Starbucks, and it has 2 assigned parking spaces and additional parking in the rear. The space is 3,691 sq feet and has a full basement for storage or expansion of the business. The base monthly rent is $3,500 plus NNN charges of $83 per month. The Lease runs till 12/31/2007 and the Landlord will extend the Lease for a qualified Buyer.

Competition: This business has been established since 1984 and has no direct competition in the area. The business carries 10 exclusive lines of gifts, papery, and stationary. It is the only Wedding Invitation business in town and is the only business with Stickers.

Growth/Expansion: Revenues could easily be increased by adding more stamps, card making and scrap booking supplies, "How to" classes, and an Art and Frame section. An addition of a website would also help with the promotion of the business and an on-line store would be tremendous for this type of operation. This is a very stable business that is poised for the new owner to take it to the next level.

Financing: Cash or Bank Financing

Support/Training: The Seller will provide 2 weeks of on - site training, after closing, on the day to day operation of the business and introduction to Suppliers and Vendors.

Reason Selling: The Seller is trying to simplify his life