Profitable Longstanding Bookstore in Prime Location

Norwich, VT (Windsor County)

Profitable Longstanding Bookstore in Prime Location
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Asking Price: $150,000

Cash Flow: $100,000

Gross Revenue: $712,000

EBITDA: N/A

FF&E: $40,000

Inventory: $90,000*

Established: 1994

*not included in asking price.

Profitable Longstanding Bookstore in Prime Location

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Business Description

Lifestyle Business Generating $100K in Cash Flow!

This well-established bookstore is situated at the heart of one of New England’s most affluent communities. Locally owned and operated for over 25 years, the business has excelled in customer service and product offerings, resulting in a loyal and active customer base.

Detailed Information

Location:
Norwich, VT
Inventory:
Not included in asking price
Employees:
2FT 7 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates out of a 2,500 square foot leased retail space in the heart of Norwich, VT. The current lease extends through August 2024 with an additional 5-year renewal option. Fully renovated in 2014, the space is beautifully designed with an open layout and lots of natural light.
Competition:
This is a reputable, well established business with a strong customer following among residents, businesses and tourists. The store sets itself apart from the competition by hosting special events and offering an enjoyable shopping experience with accessible and knowledgeable customer service.
Growth & Expansion:
There are a number of opportunities to meaningfully grow the business with minimal capital investment. Expanding event offerings, further promoting alternative media options such as Ebooks and Audiobooks, and better utilization of social media could all increase both customer awareness and grow revenue.
Financing:
To be negotiated.
Support & Training:
Sellers will assist in the transition and train new owners as well as enter in to a non-competition agreement.
Reason for Selling:
The business is being offered for sale as the owners are approaching retirement.
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Country Business Inc.

Business Listed By:
Administrative Manager

Country Business, Inc.

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