Legacy Design/Gift Retailer - Two Destination/Urban Locations

New England

Legacy Design/Gift Retailer - Two Destination/Urban Locations
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,700,000

EBITDA: $100,000

FF&E: N/A

Inventory: N/A

Established: N/A

Legacy Design/Gift Retailer - Two Destination/Urban Locations

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Business Description

The Company is now a two-location, brick and mortar gift/design entity. Both stores are in iconic urban locations with relatively small footprints and high volumes of sales per square foot. The owner has also designed a private label product that is sold in both locations and online. Many products are “consumables” sold repeatedly to a dedicated customer base, including paperclips, greeting/occasion cards, rubberbands, and more. The clientele is an array of repeat local customers, students and their families, and national and international customers who appreciate the style, design, and uniqueness consistently offered.

The two current stores are 1,000 and 500 square feet, each with thousands of SKUs inventively displayed and merchandised. The staff is comprised of a store manager for each location, and they share a sales team of approximately 12 full- and part-time individuals, many of whom are college students. The sales team is increased with seasonal employees during the fourth quarter of the year.

Detailed Information

Competition:
The Company presents well-designed merchandise, sourced locally and from around the world, used to enhance and function both in the home and office alongside items such as handcrafted greeting cards, puzzles/toys, and a vast assortment of tabletop, personal care, and useful necessities.
Financing:
Negotiable
Support & Training:
The active owner would be willing to stay with the Company to launch the brand to a larger audience using her highly-repeatable, well-tested, and proven store concept.
Reason for Selling:
Seeking strategic partner
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Jeff Carignan

Business Listed By:
Jeff Carignan

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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