Thriving & Electric Gift Store in Boston For Sale
High Margins & Owner Income
Suffolk County, Massachusetts
Listing Number: 1553
Asking Price: $400,000
Gross Revenue: $720,000
Cash Flow: $250,500
A qualified buyer should be able to get an SBA 7A loan with 10% down.
This is a terrific opportunity to own a bustling boutique gift shop providing memorable artisan gifts. Catering to ages 1 to 100, tableware, toys, jewelry and cards are among the top grossing departments. Enjoying high margins, the income to a working owner is over $250,000!
Gross sales have increased double-digits each year from 2015-2017 and 2018 sales are pacing ahead of 2017.Current inventory is $129,000 and increases closer to the holidays. This Boston-based store is open 7 days/week with a lease extending until April 2022.
If you love to connect with people, appreciate the uniqueness of an artist’s soul, have an eye for what people desire and want to own a flourishing business, then this could be your path to a new and fascinating lifestyle with a terrific income.
It will be helpful for the new owner(s) to have a background in retail sales with business experience. No special licensing is needed. Seller is moving out of the area but will help transition the business.
Growth and Expansion Opportunities
The website is set up for online purchases but only offers a fraction of the in-store inventory. Improving the website could lead to increased sales revenue. The store does very little advertising and dabbles in social media; a dedicated media strategy of any kind could increase revenues. Hosting additional special events (like artist trunk shows or “Meet the Artist”) could be another way to increase revenue.
Support & Training: Seller will provide training and support.
Reason Selling: Moving for Family Reasons
Employees: 4 F/T + Seasonal P/T Staff As Needed