Resort Area Home Decor' & Gift Store Six-Figure Potential Income

Kootenai County, ID

This could be yours!
Contact Seller

Asking Price: Get Financing: $145,000

Cash Flow: N/A

Gross Revenue: $511,000

EBITDA: N/A

FF&E: $18,000

Inventory: $45,000*

Lease Rate: $1.10 /SF/Month

Established: 2009

*not included in asking price.

Resort Area Home Decor' & Gift Store Six-Figure Potential Income

Get Financing Save Print Share Valuation Report

Business Description

Six-Figure Income Potential -Successful & Growing Business Opportunity

Rare Business Opportunity to own one of the Most Successful Retail Businesses in the heart of downtown on the main street of a desirable waterfront resort city with Gross sales of over $500,000; resulting in earnings of $100K or more.
A retail-experienced Owner/Operator will inherit the long-term loyal customer base, stellar retailing reputation with priceless & exclusive vendor relationships, private-label products, Point of Sale System and more; 40,000+ shoppers through the doors annually. Nine years in operation; Voted the Best Gift Shop numerous times. In fact this store has been voted the Best Gift Shop in 2011; 2012; 2013; 2014; 2015 and Best Gift Shop in both Coeur d' Alene and Spokane in 2017! Customers love this store and repeatedly state “this is absolutely my favorite store anywhere!'' Showings By Appointment Only. If you are RETAIL SAVVY we'd like to hear from you. This is an exceptional opportunity to capitalize on the long-time success of this established business.

The Business, at $145,000, is priced very well for a business opportunity that can afford you a six-figure income. Inventory and Fixtures are additional. Expect inventory to be approximately $45,000 (wholesale; will generate $108,000 in sales) at closing; and fixtures $18,000 (wholesale).
Financials will be provided upon request however, Proof of funding may be required. See the "Confidentiality Agreement" under the document section.

*Generates approximately $511,000 in annual revenue
*$75,000 in Normalized Cash Flow.
*Note: A retail-oriented Owner-operator could anticipate $75,000 plus $33,000 (manager salary) or a total of $108,000 realized.

If this acquisition is of interest, please access the Confidentiality Agreement in the document section, execute and return the Confidentiality Agreement.

Attached Documents

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,650
Lease Expiration:
4/30/2022
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,650 Sq Ft, with a 25' storefront along the main street. Owner will provide a great lease 5-10 year opportunity for the new business owner.Office and receiving is at the rear of the store. Customer Parking is available in front of the store and nearby parking garages. Furnishings & Assets include a central wrap desk, several large shelving units , two cash register systems, and more.
Competition:
This business has a large amount of exclusive vendors, so very little competition in this market space. There are other gift stores in this area, but this business has been honored with the Best Gift Store in the area for several years running.
Growth & Expansion:
This business is located in an area that has shown great growth and all indications are that this will continue. The business continues to have annual sales growth.
Financing:
CASH or Conventional Loan
Support & Training:
Training and Support is negotiatable
Reason for Selling:
Retirement after 24 years in Retail in the downtown area
Contact Seller

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Business Listed By:
Broker - ILP

Show Phone Number

Listing Statistics for Premium Members

Ad#:1353066 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


One Day Doors & Closets

Franchise Opportunity In ID
Capital Required: $75,000