Glass Reunions

Key West, FL (Monroe County)

Glass Reunions storefront
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Asking Price: Get Financing: $204,900

Established: 1990

Glass Reunions

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Asset Sale Description

Glass Reunions has been in Old Town Key West for 27 years. It combines a specialty shop with the quality and discriminating taste of an art gallery. Featured are handcrafted original works created by more than 200 American Contemporary Artisans. The collection includes lamps, stemware, vases, bowls & plates, jewelry, sculpture, mirrors, accessories and gifts of all kinds and price ranges. The triple net lease is $9,080 and has over 9 years remaining. Separate storage/shipping area, break room and private office. There are three off street parking spaces on the property dedicated to this business. This is an opportunity seldom found in Key West. Owner retiring. Sales price reflects asset sale only; inventory, furniture, fixtures and 9+ year favorable lease.

Detailed Information

Duval Street frontage with large display windows (hurricane impact windows) and 3 off street parking spaces. 2,692 SF space with 9+ year lease in place. Current monthly rent is $7879 base plus $567 NNN and sales tax of $634 totaling $9,080/mo. There is a 2.5% annual increase on the base rent. All inventory is included in the sale and is approximately $85,000 wholesale value. The furniture, fixtures, and supplies are valued at approx. $100,000. The business is turnkey.
Support & Training:
Owner will remain for a reasonable amount of time to train on the operation of the business. Owner is also willing to remain as an employee.
Reason for Selling:
Business Website:
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Brenda Duley

Asset Sale Listed By:
Brenda Duley

Old Town Realty

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