Great Card & Gift Store in Busy Shopping Center - 22112 Business Type: card shop/stationery store
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $175,000 | Down Payment | $175,000 |
| Gross Revenues | $321,600 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $79,420 | Number of FT Employees | Register Free to View |
Financing
$175,000 Down and Possible for 6 weeks - tied to LOTTO account.
Business Description
Great Card & Gift Store for sale in in Busy Shopping Center. In fact this is a huge shopping center with 100% occupancy and 3 anchor stores, including a Major Supermarket and Pharmacy. LOTTO sales alone were over $974,000.00 in 2011. This is the cleanest and most organized card and gift store we represent. The sale price INCLUDES approx. $80,000.00 in current inventory. They specialize in high-end collectible gift items as well as 50% greeting cards. There is no other direct competition to this store within a 2 mile radius. The current owner built the store from scratch 6 years ago and has been the only owner. He is looking to sell since he has recently started another business and could use the proceeds from the sale to fund the new venture. The store is over 2,200 sq. ft. including a storage area in the back of the store. There are 8 years remaining on the lease with a reasonable landlord. In addition to LOTTO profit of $58,440.00, the store had Gross Sales of approximately $350,000.00 in 2011, with a Net Income of approximately $79,252.00 (includes LOTTO Commissions, ATM, Bill Pay, T-Mobile etc.). There is an opportunity to expand with Quick Draw, magazines, and more soft drinks, ice cream, etc. You WILL NOT find a better card and gift store on the market. Call or email Mel Vaz today to learn more at 631-909-1095 or mvaz@vestedbb.com.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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