40-Year Old Gourmet Kitchen Store

Aiken, SC (Aiken County)

Seller Financing Available
Brands Sold by this Retail Gourmet Kitchen Shop
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Asking Price: $350,000

Cash Flow: N/A

Gross Revenue: $527,235

EBITDA: $109,000

FF&E: $25,000

Inventory: $115,000*

Rent: $2,376 /Month

Established: 1978

*not included in asking price.

40-Year Old Gourmet Kitchen Store

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Business Description

An Iconic Store in An Iconic City

Plum Pudding Gourmet Business retail shop offers its customers high-quality brands that include cookware, dinnerware, numerous kitchen tools, and gourmet specialty food products that will satisfy the requirements in entertaining friends or for a professional chef. This unique retail kitchen store provides online and in-store sales. Plum Pudding has been operating continuously for 40-years from the same location.

This retail shop is located in Aiken, South Carolina, a small city of 30,000 and is a part of an MSA that has a 600,000 population. Aiken, founded in 1835, is an equestrian community with historic charm and tradition and is a “picture postcard place” with live oaks archway avenues, beautiful formal gardens, and thoroughbred training on most days, especially during the winter months. The equestrian community also has polo matches and fox chase events year-round. These events bring thousands of tourists to Aiken where they shop at this unique store.

Customers marvel at Plum Pudding's selection of gourmet tabletop, glassware, kitchen tools, cookware, cutlery, and specialty food products. The owner frequently is changing the mix of their inventory to appeal to different demographics. For example, the retail shop inventory high priced exclusive “Brands” for their long-term customers, as well as more affordable kitchen items for every customer. Also, Project Kitchen provides complimentary gift wrapping and has a popular bride’s registry.

The family, who has owned the business for nearly two decades has reluctantly decided to sell the business. The owner believes an ideal buyer would be a younger couple who has a high energy level and desires to own and grow their business by taking advantage of a business legacy and a great location.

Plum Pudding maintains approximately $115,000 (included in the sales price) of product inventory that will peak around $200,000 during the holiday season.

For detailed information, please contact Mike or Eric Togneri (800) 216-4819 x701 or x702.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
1/1/2023
Employees:
4 without owners
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 3,000 square foot shop is located at the intersection of the two main streets in this city. Adequate free parking.
Competition:
There is no other kitchen retail shop that has been operating for 40 continuous years from the same location in this MSA.
Growth & Expansion:
On-line marketing for specialty kitchen items can increase sales exponentially. On-line sales are 20% of total revenue today. Business has developed a great order friendly website.
Financing:
Will consider for qualified buyer
Support & Training:
Owner will provide a reasonable period of time to transition the business at no charge.
Reason for Selling:
See Business description
Business Website:
http://www.plumpuddingkitchen.com
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Business Location


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(from currently available funds)
 
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Michael Togneri

Business Listed By:
Michael Togneri

Neri Capital Partners

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