Well known specialty gift store – located in a high traffic strip center in Hennepin County. Established by the current owners 45 years ago. The business has been at this location for 10 years. This is a class A business. They sell very classy, high quality, unique gifts and a very nice line of clothing. The business enjoys excellent relationships with their suppliers and vendors. They have very little competition. The owners are active in the business. They each work about 30 hours per week, when they are in town. (Each month and sometimes more than once a month, the owners go out of town from noon on a Thursday and return Monday morning. Their main duties and responsibilities include: purchasing product, marketing, managing the employees and some administrative tasks. The business could increase sales by having more of a presence on the internet. The current owners do not have an interest in expanding the internet business. The hours of operation are: Monday – Saturday 10 to 6; and Sunday 12-5. The owners have indicated that they would provide the necessary training to insure a smooth transition. 2017 sales for the period January – May are up approximately 15% from 2016.
Specialty gift store- $140K cash flow!
$350,000.00, includes $140,000.00 of inventory
Reason For Sale:
The business operates out of 2,180 square feet. The gross monthly rent is about $5,000.00 per month, which includes percentage rent. The current lease runs thru August 2019; plus 2, 2- year options.
5 part time