Thriving & Electric Gift Store in Boston For Sale

High Margins & Owner Income 

GiftSuffolk County, Massachusetts


Listing Number: 1553

Financial Information

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.

Business Description

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.

 
General Information
 

Support & Training: Seller will provide training and support.

Reason Selling: Moving for Family Reasons

Employees: 4 F/T + Seasonal P/T Staff As Needed

Contact Information

Molly Hanson
info@mabusinessbrokers.com