Total of 18659 firms and businesses for sale today Sunday 12th May 2024
Sold. Retail -gifts (tourist Area)
LISTING DETAILS
Firms For Sale ID:
29232
Vendor reference:
DA-0717
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Business opportunity:
Asking price:
Undisclosed
Furniture, fixtures, fittings and stock included.
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$100,000 - $200,000
Net profit / cashflow:
$1,000 - $100,000
Years established:
2005
Trading hours:
Monday -- Sunday 9am --9pm
Number of employees:
3
OTHER DETAILS
Reason for selling:
Owner has another business that has increased demands on his time.
Financing available:
Negotiable
Support and training:
Negotiable as required by Purchaser.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
This store was purchased by the existing owner a few years ago when it was just a gift shop. They have now transformed the store into more of a convenience store which has been well received by the locals and they still get some tourist traffic as well. The foot traffic is substantial in the spring -- fall months. The owner reports up to 2,000 in the heart of tourist season.
After purchasing this store and converting it, the owner found a niche in the local marketplace, but he seems to have lost some of the tourist traffic that the previous owner had. A new product / gift mix could do extremely well here. The owner runs the store with some part time help from his daughters.
Expansion Potential
This prime location can thrive in the right hands. The product mix and marketing efforts have tremendous room for improvement which could take this store from supporting its owner to being very profitable. The lease for that the store currently holds also includes a small apartment in the rear of the building making it a perfect "mom & pop" shop.