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Profitable Gift And Stationery Store
Location Delaware,United States
Asking Price Range $250K - $500K
Gross Revenues $859900
Net Profit / Cash Flow $164700
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1992
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Owner will provide adequate training for a smooth transition
Reason for Sale Owner is retiring
Description This profitable gift and stationery store is located in one of the most affluent areas of Delaware and specializes in selling high quality specialty and whimsical gifts for women, men, teens, toddlers and babies. Operated by the original owners since 1992, its customers enjoy a selection of unique, upscale and familiar brands, as well as other highly sought after and protected brands. As the area's premier gift store, it has a reputation of carrying a distinctive collection of invitations, stationery and paper products, quick pick-up gifts, gift wrap and cards, home d‚cor, fashion designs, and bath and body products. It also offers full services for weddings, including invitations, place cards, menus, programs, favors, bridal gifts and more.
This is the ideal business for professionals who have left corporate America and are looking to do their own thing, stay at home moms, families looking for a second income, or individuals looking to boost their personal income. The new owner can choose to be an absentee or hands-on owner. This turnkey business is simple to operate. The manager has been with the company since 1995 and, along with the sales staff, can run the business with or without day-to-day involvement from the owner. The sales staff has an average employment length of over 8 years and has an important relationship with the store's very loyal customer base. Sales and profitability have remained stable even through the economic downturn.
The store is easily accessible, located on a busy throughfare in a high traffic shopping center within a few miles of several other upscale shopping destinations.
The use of social media and the internet have been cost effective ways to reach both new customers and existing customers. The store has a beautiful website that is very user friendly. Referrals have also been an important factor in their success. Additional marketing strategies to increase revenue have been identified but not implemented by the owner.
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