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Gift Store - Craft Mall / Gift Store Combination
Location Wisconsin,United States
Asking Price Range < $250K
Gross Revenues $355000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 1 - 3
Inventory Cost Inventory Equipment FMV.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Will trade booth space for support. Training available.
Reason for Sale Desire to travel, spouse is retired.
Description Love Crafts? Hate your job? This may be the perfect opportunity for you! Not a typical craft mall, this is an upper scale crafter mall and gift store combination with approx 150 rental spaces. Store size approx 4000sq ft + 500sqft office/storage/class area which can be used to expand rental space and is located in a busy strip mall on a main drive in a residential area. Just beginning year 7 in operation, the store has a well established vendor base whom rent space on a monthly basis with 6 & 12month leases. Included is a fine gift selection at store center which provides additional revenue with endless potential. In place is a customer newsletter and mailing list. Continuous advertising has established the business into 'the perfect place to find the perfect gift'. There is no direct competition in the Madison area and no real other competition in the area. Event schedule, classes, website in progress and growing Facebook friend list provide a potential buyer with a basis to build upon. Asking price is set at $73,500 includes equipment, inventory and goodwill. Space lease is transferrable and rent has been negotiated at an unbelievable low rate for three years beginning 2-1-12 through 1-31-15. Seller is willing to assist the buyer, if buyer so desires, with operations, newsletter, events or where needed in exchange for space to continue seller's personal craft space. Seller 's motives to grow store, customer base and enjoy personal outside interests by not actively working the store has affected cash flow. Interested party may contact owner via email for further information.
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