Retail Gifts - Tourist Area
Location Colorado,United States
Asking Price Range < $250K
Gross Revenues $84585
Net Profit / Cash Flow $22660
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 1 - 3
Inventory 6000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Negotiable as required by purchaser.
Reason for Sale Owner has another business that has increased demands on his time.
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.
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.
Price is $47,500 or Best offer and includes approximately $6,000 worth of inventory and FF&E are included in the sale price.
Call Mark Gilliland (719) 635-8133 for more information.
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