Specialty gift store- $140K cash flow!

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.

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Thomas Green

About Thomas Green

Tom Green has been in the business of Business Brokerage for 30 years. He is a partner in the company Opportunities In Business. He has participated in the sale of hundreds of business - of all kinds. His experience gives his clients an edge. There have been changes in the business over the last three decades, but the basics of selling a business and buying a business have remained the same. Due diligence, thoroughness, honesty, attention to detail, anticipating problems before they interfere with a transaction, and establishing relationships with clients that leads to trust and confidence are as important now as they were 30 years ago. New technologies, new methods for marketing a business, new ways to obtain financing for business acquisitions and other changes have entered the marketplace and Opportunities In Business has remained current with and incorporated all of the changes that benefit our clients through Tom’s efforts. Tom is a lifelong Minneapolis resident and a graduate of the University of Minnesota.

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