Retail - General Merchandise Stores | Retail - Miscellaneous Retail

Asking Price	$85,000	Inventory	$150,000**
Gross Income	$505,620	Real Estate
Cash Flow	$52,870	Year Established	2001
FF&E	$50,000*	Employees	5 pt

* included in the asking price

** not included in the asking price

This is the best Gift and Variety Store buy on the market. This store has been in the same location since 2001 and has produced very consistent income figures. It is a great location on a very busy main street surrounded by apartments, condos, businesses, and homes, with a large mix of ethnic population who frequently shop at this store. The owner, until just recently, has not worked the business (he is an Accountant), but due to Management problems he is forced to put his practice on hold and run the business. He is very motivated to sell ASAP. The store is 4700 sq ft, with an open and friendly feeling and is equipped with a high tech security system and a huge bay door for deliveries. The owner has just recently added Beer (which is bringing in about $1,500 per month) and he just added a 2nd cooler. The business will be adding Money Grams starting July 31, 2008, which should bring in about another 150 extra clients per month (frequently used by the large ethnic population in the area). The party supply section (the largest selling group of items) is being expanded. The Hispanic food section was just started about 5 months ago and is being expanded to meet the overwhelming demand. A whole section is being added of cell phone accessories (which has a huge mark up) to meet the increasing demand of the clientele for Bluetooth items and general accessories. The Seller has also negotiated a new contract with the tobacco products that dramatically increases the margin on those products. This and many more additions should skyrocket the revenues of the business.

Facilities: This Gift and Variety store has been in the same location since 2001 and has produced very consistent income figures. It is a great location on a very busy main street surrounded by apartments, condos, businesses, and homes. There is 4700 sq ft which includes a large storage area with a bay door for deliveries. The business has a very elaborate security system. The total monthly rent is $5,000 and the lease runs till 12/31/2011 with options to extend the term.

Competition: There are other Gift and Variety stores in the area, however, they have come and gone while this one still prospers. Due to its unique blend of merchandise, the outstanding service, and the competitive pricing this store has a real marketing advantage.

Growth/Expansion: The owner has just recently added Beer (which is bringing in about $1,500 per month) and he just added a 2nd cooler. The business will be adding Money Grams starting July 31, 2008, which should bring in about another 150 extra clients per month (frequently used by the large ethnic population in the area). The party supply section (the largest selling group of items) is being expanded. The Hispanic food section was just started about 5 months ago and is being expanded to meet the ove

Financing: Cash or Bank Financing (Have approval for a $125,000 loan amount)

Support/Training: The Seller will provide one week of training on the day to day operation of the business, introduction to vendors and suppliers, and marketing strategies.

Reason Selling: Seller needs to go back to his Accounting Practice