**UNDER AGREEMENT** Thriving & Eclectic Gift Store High Owner Income

Boston, MA (Suffolk County)

**UNDER AGREEMENT** Thriving & Eclectic Gift Store High Owner Income
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Asking Price: $400,000

Cash Flow: $250,000

Gross Revenue: $720,000

EBITDA: N/A

FF&E: N/A

Inventory: $129,000*

Established: 2008

*not included in asking price.

**UNDER AGREEMENT** Thriving & Eclectic Gift Store High Owner Income

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Business Description

**UNDER AGREEMENT** This is a terrific opportunity to own a bustling boutique gift shop providing memorable artisan gifts. Catering to ages 1 to 100, tableware, toys, jewelry and cards are among the top grossing departments. Enjoying high margins, the income to a working owner is over $250,000!

Gross sales have increased double-digits each year from 2015-2017 and 2018 sales are pacing ahead of 2017.

Current inventory is $129,000 and increases closer to the holidays. This Boston-based store is open 7 days/week with a lease extending until April 2022.

If you love to connect with people, appreciate the uniqueness of an artist’s soul, have an eye for what people desire and want to own a flourishing business, then this could be your path to a new and fascinating lifestyle with a terrific income.

It will be helpful for the new owner(s) to have a background in retail sales with business experience. No special licensing is needed. Seller is moving out of the area but will help transition the business.

Detailed Information

Inventory:
Not included in asking price
Employees:
4 FT/+ Seasonal
Facilities:
Excellent location in Boston with heavy foot traffic entices walk-ins and tourists.
Growth & Expansion:
The website is set up for online purchases but only offers a fraction of the in-store inventory. Improving the website could lead to increased sales revenue. The store does very little advertising and dabbles in social media; a dedicated media strategy of any kind could increase revenues. Hosting additional special events (like artist trunk shows or “Meet the Artist”) could be another way to increase revenue.
Financing:
A qualified buyer should be able to get an SBA 7A loan with 10% down.
Support & Training:
Will be available by the seller
Reason for Selling:
Moving for Family reasons
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Contact the Seller

(from currently available funds)
 
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Molly Hanson

Business Listed By:
Molly Hanson

BayState Business Brokers

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Sponsoring Broker:
Marc Gudema, CBI

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