Profitable, Fast Growing Artisan Gift Shop

gifts, home, garden, jewelry, mens, baby, apothecary & vintage

Inventory:

$175,000
Not included in asking price

Furniture, Fixtures, & Equipment (FF&E):

$50,000
Included in asking price

Employees:

8 (1 Full-time, 7 Part-time)
we hire 2 part time additional staff for Q4 holiday season

Facilities:

6200 Sq Ft of space. 3000 Sq Ft of selling space, additional office and inventory storage space onsite. Parking is abundant. Free parking in rear of store, additional on-street parking front and back with meters. Building is well maintained and lease ends in 1/2028 but may be renewed for 6 years by current buyer. Store is highly prized by the landlord group.

Competition:

Founded in 2013, this business is a profitable & growing anchor store in a busyTown Center. Close to numerous other shops(clothing,books, etc) & restaurants that contribute to a steady stream of foot traffic. It has become a go-to destination for shoppers from around the state, with a one-of-a-kind old school shopping approach in an environment that customers describe as their 'happy place'.

Growth & Expansion:

Increased sales 17% year over year since 2023. Net income increased 58% in same period. Long term, well trained staff, a loyal customer base & growing regional reputation are drivers of success. Growth potential in several best selling categories including baby, home goods & jewelry. Other potential growth opportunities include e-commerce & special events.

Financing:

Seller financing available

Owners are flexible

Support & Training:

The owner is committed to the success of the business and is open to supporting the new owners to facilitate a smooth transition and maintain the store's reputation and operations for an agreed upon time frame.

Reason for Selling:

Owner relocation & potential retirement in 1-2 years

Location:

Belmont, MA

Real Estate:

Leased

Building SF:

6,200

Rent:

$12,000.00