Gift Shop/Gallery
Bluffton, SC 29910
ASKING PRICE $120,000 plus cost of retail inventory
FINANCIALS
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Gross Income:
$340,000 Cash Flow: $40,000 Furniture, Fixtures & Equipment: $6,000 |
Inventory:
$90,000 Facilities: Leased premises, landlord is willing to offer a new long-term lease. |
Employees:
Owner plus 4PT Year Established: Originally in 1987 in Ct 2018 in SC |
BUSINESS DESCRIPTION
A rare opportunity to own a specialty gift store that has carved a niche and loyal following by emphasizing a variety of quality, USA made products. This high-visibility and well-located store has an established customer base with strong repeat business. Opportunities for growth through enhanced social media and online presence along with some product line expansion. Knowledgeable and professional team of staff in place. Owner / founder wishes to retire but will gladly offer any assistance to the new owner.
DETAILED INFORMATION
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Inventory:
inventory is in addition to asking price Furniture, Fixtures & Equipment: Computer equipment, many displays and some leasehold improvements. |
Competition:
This area offers several gift shops & galleries, but this shop is in an ideal location with ample parking in the high growth area of Beaufort County. This specialty shop/gallery of well-curated merchandise significantly differentiates itself from other shops locally. Growth & Expansion: This shop has a strong local and tourist customer following and is well-known for maintaining an inventory of North American hand-crafted products not easily found in the other local shops. Increased profitability could be easily achieved through creative marketing and an active web/social media presence. Expansion into higher-margin merchandise selected for this market could also prove to be beneficial. |
Support & Training:
Owner willing to assist on part-time after initial transitional training. The length of the transitional training period is negotiable. Reason for Selling: Owner looking to retire |