Unique Gift Shop w/RE

Unique Gift Shop w/RE

Location:Rhode Island
Your Reference ID: 19894

FINANCIAL INFORMATION

Asking: $1,250,000
Gross: $1,363,021
Cash Flow: $269,672
Furniture, Fixtures & Equipment: $28,500 (Included in Price: Yes)
Inventory: $200,000 (Included in Price: Yes)
Real Estate: $650,000 (Included in Price: Yes)

SUMMARY DESCRIPTION

Profitable and unique Rhode Island gift shop providing an array of high-quality jewelry, gifts, candles, collectibles, home furnishings/décor items, gourmet food, candy and many other hard-to-find items.
This retail gift shop is a staple in the community and supported by locals and tourists alike. They have a great reputation, a large multi-generational customer base, and experienced employees in place.
The Owner has put their heart and soul into this business and is now ready to retire. They are open to assisting during a transition period to ensure the new Owners continue to succeed for many years to come.
There are additional sources of revenue available with this opportunity.

FACILITIES

This popular store is approximately 4,000 SF and provides an inviting atmosphere for customers to enjoy. The building is unique and has a lot of character. The Real Estate is offered at $650,000.

GROWTH/OPPORTUNITY

The business generates a sizeable cash flow and there is substantial growth potential by expanding the company’s online store, increasing social media efforts, and hosting pop up events.

Training & Support:

As needed for a smooth transition.


Reason Selling: 

Retirement

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Justin Grolley, MBA, CBI, CMEA

Justin Grolley, MBA, CBI, CMEA