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Event/Retail/Store

Oakland County, MI (Relocatable)

Event/Retail/Store
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Asking Price: $114,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $7,000 /Month

Established: 2014

Event/Retail/Store

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Business Description

Destination Location Retail/Event store

Very unique, customer top rated, popular kids crafts-toys-parties-events destination superstore

Unique craft/toy store specializing in lucrative and popular birthday parties and events – with tremendous opportunity to develop into a NATIONAL FRANCHISE.

The foundation is set for a new owner with experience and capital to take this business to next level. Highly successful toy manufacturer created this original concept. The vision for was to develop a destination for kids and teens to shop, create, attend (host) parties and events...with ultimate goal of expanding into a global franchise.

The manufacturing end is a separate company that will continue to supply proprietary products and expertise, working in tandem with owners for mutual success. The Manufacturing Company has been in business for 10 years and boasts 15 trademarks, 17 utility/design patents, more than 40 national toy awards, and over 1.5 million products sold globally. The company and its products have received national TV coverage including Today Show, The View, Wendy Williams Show, E! News along with over 60 successful airings on QVC, and honored as the 2015 Michigan Company to Watch by Governor Snyder. The Company brand is known for innovative, unique, quality toys that encourage creativity and friendship building in kids across the globe. These same brand attributes are at the core of business.

The business has become a popular destination for crafting, shopping, parties and events breaking the mold of traditional retail. Our store has a wide selection of products for purchase, a popular craft bar & monthly membership program, The Glitter Garage space for kids/tweens beauty “sparkle” appointments and ample space to host up to 20+ birthday parties and events on weekends. Our most popular events include painting parties, crafting classes and friendship workshops.

The ideal buyer will be a fun and creative visionary that has the skills and resources necessary to continue the momentum of our store (able to relocate in 6 months when lease expires or renew lease at same location) as well as expand nationwide by selling franchises in addition to possible new owned & operated locations.

The business has developed and implemented operating systems that will allow a turnkey experience for new owner. The concept is in its sixth year of business, with sales growth in 2019 pacing at 10%.
In our opinion, the business has a solid foundation and huge potential for new owner to grow existing store to annual sales of $500 K within two years, and unlimited earnings potential by initiating a franchise model in two to five years.
The store is currently residing in a large 4500 square foot location. Over the last six years, the company has built strong relationships with major toy suppliers to support credit terms and wholesale discounts (i.e. TY, Douglas, Alex, 3C4G, Fashion Angels, Faber Castell, etc)

Operated by current owners on a part time basis and fully trained staff including approx. ten team associates for events and parties. This business is for sale so the owner can semi-retire and focus on the manufacturing business. Business will include:
• Logos & trademark rights with all established creative assets
• Complete turn-key SOP
• Computer & POS system, fixtures, inventory
• Loyal customer base, strong social media following
• e-commerce website selling products and booking events

All buyers will be asked to sign an NDA.

Detailed Information

Location:
Oakland County, MI
Real Estate:
Leased
Building SF:
4,400
Lease Expiration:
8/31/2019
Employees:
8
Facilities:
WEBSITE WEBSITE DOMAIN FF LOGO, BRANDING AND TRADEMARK GG LOGO, BRANDING AND TRADEMARK CREATIVE ASSETS RETAIL INVENTORY SUPPLY INVENTORY PRINT MATERIALS VENDOR CONTACTS SOP ALL ELECTRONIC FILES TRANSFER WHEN I WORK APP TRANSFER MAILCHIMP ACCOUNT TRANSFER CHECKING ACCOUNT SOCIAL MEDIA PLATFORMS DISPLAYS & FIXTURES SIGNAGE (2) POS SYSTEMS
Support & Training:
30 to 60 days as needed
Reason for Selling:
Need to focus on manufacturing business.
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Business Listed By:
david crorey

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