Gift shop Orlando $30k plus inventory Nets $65k

Orlando, FL (Orange County)

Seller Financing Available
Gift shop Orlando  $30k plus inventory Nets $65k

Asking Price:$30,000

Cash Flow:$65,000

Gross Revenue:$300,000

EBITDA:N/A

FF&E:$15,000

Inventory:$50,000*

Lease Rate:$26 /SF/Year

Established:2001

*not included in asking price.

Gift shop Orlando $30k plus inventory Nets $65k

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Business Description

A beautiful clean and well appointed gift shop in the center of International drive that caters to the vast amount of tourists that flock to the holiday capital of the World from all over the World.
Disney, Sea world, Universal Studios, Epcot, MGM Studies, Wide World Of Sports, Wet And Wilde. The Orlando Magic Basket Ball, Orlando Lions Soccer, Harry Potter, and the latest and biggest water park just being built adjacent to I-4 that is very close to International Drive exit, as well as the new Ferris Wheel (Orlando Eye) that has just opened, Ripple’s Believe It Or Not, Fun And Wheels along with lots of restaurants hotels and shops just up the road from and surrounding this store.
The convention center that is one of the largest and getting bigger every year, as well as every brand of hotel you can think of, are all around this store.
Three thousand square feet of a store that is so clean and well laid out and full of about $55,000 of merchandise that never goes out of date spoils or depreciates overnight.
A great lease with options and a very fair rent of $6,500.00 that includes sales tax property tax and all pass through charges.
Credit card fees are about 3%.
Fixtures and fittings $25,000 and leasehold improvements in the range of $40,000.
Gross sales are in the range of $300,000 a year with an owners benefit of about $65,000 per year.
The store is open from 9:00 am to 11:00 pm seven days a week.
Business is seasonal and there are slow times so income and profits have to be taken over a year as this is a holiday town and even though the tourist season is getting longer it still has its ups and downs and slow months and September is one of the worst months but Christmas and school holidays are the best.
The store is run by the seller who works about 35 hours a week and one part-timer with a payroll of $1,500.00 per month.
Mark up on the merchandise is over $60% and comes from just a few vendors who mostly call on the store and is very easy to control.
Seller will train and advise a buyer in how and where to buy and has over 30 years experience in the gift industry and knows how to avoid buying a stock that will not sell or is slow moving.
Location of the store is close to a popular restaurant that helps to bring in customers.
This is an ideal light retail business for a husband and wife that is safe very easy to run and will allow one to keep a day job if required.
No selling or product knowledge is required as the tourist pick up what they require and all you have to do is cash them out.
The store has room to grow with more inventory of a different makeup i.e. cigarettes and some cosmetics/over the counter medicines that the seller keeps being asked for.
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Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
9/30/2020
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3,000 S-F at $6500.00 per month with a good lease. Very nice clean store in a strip center behind a good class restaurant.
Competition:
Competition is everywhere and tourists love to shop, they go in and out of all of the gift shops and most have the same Disney merchandise but this one has a lot of different items at very good prices so it gets its share as long as you are open. It will average $25,000 a month over the 12 month period. Orlando is growing every day of the week and more and more tourists are coming each year so this type of business will go on for ever as long as visitors and conventioneers come
Growth & Expansion:
Adding more inventory. You do not need any more gift items but you will need Cigarettes and over the counter medicines and some toilet items. More like a mini C store.
Financing:
Yes on part of the inventory
Support & Training:
Seller will train and is so experienced in the gift industry. and will teach a buyer all about the gift trade and be on call after the sale.
Reason for Selling:
Seller was a manager of a chain of gifts stores and left and they want him back

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John Price & Associates

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John Price

John Price Broker & Associates

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