Thriving Kitchen Shop in Charming Downtown

Chester, CT (Middlesex County)

Thriving Kitchen Shop in Charming Downtown
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Asking Price: $25,000

Cash Flow: $38,000

Gross Revenue: $155,000

EBITDA: $62,000

FF&E: $2,500

Inventory: $10,000

Real Estate: $750*

Established: 2016

*not included in asking price.

Thriving Kitchen Shop in Charming Downtown

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Business Description

The Perfect Pear is a 3-year-old kitchenwares store centrally located in a very active destination that exemplifies a "charming downtown." The shop has earned a reputation as a go-to spot for high-quality kitchen wares, barware and entertainment "must haves," the bulk of which are made in the USA or in Europe. With an active chef/instructor owner doing in-store demo classes, the shop also enjoys a terrific reputation locally and statewide due to regular publicity via chef appearances on broadcasts such as "Better Connecticut" and "CT LIVE!" The shop is very successful based on its size, but after three years, the current owner seeks to step away from day-to-day operations to focus more on at-home classes and small-scale catering opportunities.

Detailed Information

Location:
Chester, CT
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
400
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
About 400 square feet with huge front windows for creative display; entire shop completely renovated in late 2016 with all new insulation, paint, high-tech lighting and economic heating and cooling via mini-split; enormous basement with secure locked storage unit within the full-size basement; centrally located in a thriving downtown and local population that fully supports its merchants. Building is currently owned by the shop owner, and the shop space would be leased to a new buyer, unless the buyer prefers to purchase the entire enterprise.
Competition:
This is the only kitchenwares store in this town, which also has some complementary gift, jewelry and clothing stores and eight restaurants just within the walkable downtown area.
Growth & Expansion:
There is a tremendous growth opportunity to conduct more in-store demo classes. These classes nearly always sell out, and there is a demand for more and more of a variety of classes. Additionally, the advent of new CT cottage food laws open the space to an owner who might want to make and sell food items, which are very much in demand in this town. The only major con is the small size of the shop.
Financing:
The real estate value at $750 would be the lease for the shop space.
Support & Training:
The current owner is happy to work with a buyer to continue in-store demo classes for continuity and to provide any coaching/feedback or information on sales trends and supplier relationships.
Reason for Selling:
Current owner wants to focus on at-home cooking classes and small-scale catering
Franchise:
This business is an established franchise
Business Website:
http://perfectpearct.com
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Business Listed By:
Laura Grimmer

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