Well Established Christian Book & Gift Store

Ontario, OH (Richland County)

Book and Gift Store
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Asking Price: Get Financing: $350,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $42,000

Inventory: $408,000

Lease Rate: $11 /SF/Month

Established: 1930

Well Established Christian Book & Gift Store

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Business Description

Well Established Christian Book and Gift Store

This is one of the largest and best, Christian gift and bookstore that continues to serve North Central Ohio. Known as the leaders in our industry with the most comprehensive selection of books, Bibles, music, cards, jewelry, home decor, fashion, wall art, personalized gifts, church supplies, Vacation Bible School materials, and youth resources in the state. We have an extensive inventory with 11,000 square feet of selling space, and highly trained staff in place to help. We serve hundreds of churches in the area with teaching resources and supplies. This includes personal delivery of Sunday school curriculum on a quarterly basis. Our database includes an upwards of 26,000 households with over 10,000 active emails, and 700 church accounts. The business also comes with a computerized operating system, quality inventory, and modern fixtures.

This store has grown exponentially over the last 88 years under the direction of three separate owners. Our current owner is looking to retire and seeking someone to carry on the storied legacy. This is an amazing opportunity to purchase a very well known, successful, and thriving business in the Christian community. Please contact us if interested.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
15,000
Lease Expiration:
3/31/2019
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We are currently leasing with 7 months left on the lease. The business is located in a high traffic area with 11,000 square feet of selling space. It could easily be relocated within North Central Ohio. Assets include all modern book and gift fixtures and new POS computer system with 5 checkout stations. We have a large conference room that accommodates up to 100 people with chairs and tables. There is a full overhead sound and video system. We also have a small, cafe with an espresso machine and everything needed to run a coffee shop.
Competition:
The business is the only Christian store within our area. We are located in a prime business district with many opportunities. We have achieved recognition for being a destination store with a unique and welcoming atmosphere.
Growth & Expansion:
With the current owner retiring, there is a great opportunity for an entrepreneur to acquire a well-established business and carry it on to new heights. Our gift area remains strong and has many opportunities for growth.
Support & Training:
Currently have 15 highly trained employees that could remain on staff during a transition of ownership. Owner is willing to help with training and full support with the transition.
Reason for Selling:
Retirement
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Business Listed By:
Mark Stofer

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