Profitable Gift Shop

Manatee County, FL

Seller Financing Available
Profitable Gift Shop
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Asking Price: Get Financing: $84,000

Cash Flow: $80,812

Gross Revenue: $267,438

EBITDA: N/A

FF&E: $9,865

Inventory: $30,000

Established: 2009

Profitable Gift Shop

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Business Description

A fun and profitable place. This store’s premium location in an enclosed mall has constant foot traffic both in and out of season. The shop offers high-margin products such as; Quality T-shirts, Gifts, Decorative items and Licensed/Branded items. The broad product mix appeals to tourists and locals alike and the shop has a significant number of repeat customers. The company has meticulous records and the highly motivated husband & wife owners typically work at the store 3-4 days per week. The company also has 2 additional part-time employees. The shop is open 6 days per week.

Detailed Information

Inventory:
Included in asking price
Employees:
2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The store has a premium location within an enclosed mall.
Competition:
This store is located within a mall with numerous other shops. While there are a few other shops with some of the same types of products, this store has a prime location within the mall. Located in Florida close to several prominent vacation destinations along the beaches, provides a good flow of locals and tourists.
Growth & Expansion:
Although many customers ask about it, the current owners have not developed a website. Because they offer a popular mix of items, there could be active internet sales. Also, additional marketing could result in additional sales.
Financing:
$50,000 down/ $34,000 for 60 mos. @ 7%
Support & Training:
Will train for 4 weeks @ no cost. Products include; quality T-shirts, Candies, Decorative Items, and Licensed/Branded items. This is a retail store open 6 days a week. Standard business licenses are required. The store is fully approved by the Health Department for the sale of candies. A new owner should understand basic retail management and inventory controls.
Reason for Selling:
Owner to retire.
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Mark Purtee

Business Listed By:
Mark Purtee

Murphy Business & Financial Corporation

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Sponsoring Broker:
Murphy Business

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