Community Anchored Gift Shop

Idaho

Asking Price:	$273,800
Gross Revenue:	$742,746
FF&E:	$77,287

Cash Flow:	$126,402
Inventory:	$165,000
Established Year:	1984

Listing ID: 2206824Listing provided by BizBuySell

BUSINESS DESCRIPTION

This retail gift and card store, located in the heart of a resort town in Idaho, has been a cornerstone of the community since its establishment in 1984. With a commitment to delivering quality products that celebrate life's moments, the store has become synonymous with warmth, sincerity, and the joy of gift-giving. The business prides itself on creating a welcoming environment that reflects the unique charm of the resort town.
Over the years, we have fostered deep connections with our customers, becoming an integral part of their celebrations and special moments. Our attentive and knowledgeable staff contributes to the positive shopping experience, offering assistance in finding the perfect card or gift. Our commitment to customer satisfaction has resulted in a strong and loyal customer base, with many considering our store a cherished tradition in their lives.
As a business situated in a resort town, we benefit from distinct seasonal peaks that coincide with increased tourist activity. Our inventory is thoughtfully curated to align with these seasonal trends, ensuring that visitors find unique and appealing products year-round. From holiday-themed merchandise to exclusive offerings during special events, our store transforms with the seasons, creating a dynamic shopping experience.

DETAILED INFORMATION

Location

Idaho

Inventory

Included in asking price

Real Estate

Leased

Building SF

5,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

This business is located in a prime location. Strategically positioned in the heart of the resort town, the store enjoys high foot traffic from both residents and visitors, ensuring maximum visibility and accessibility. The 5,000 square feet store provides plenty of room for customers to shop for and find the perfect treasures. The space has been meticulously cared for.

Competition

Retailing a range of gifts, souvenirs, greeting cards and other items, gift shops and card stores have benefited from rising incomes in recent years as consumers spent freely on vacations and celebrations. But, when COVID-19 shut down tourism and celebrations, gift shops and card stores were left empty, creating long-lasting financial and operational challenges. A travel slump through early-2021 left tourism-based shops struggling, as sales stayed a fraction of what they were in 2019.

Growth & Expansion

Opportunities for Growth: E-commerce Integration: Explore the potential of expanding the business through an online presence, allowing for broader reach and additional revenue streams. Local Partnerships: Forge partnerships with local businesses, hotels, and event organizers to expand the store's reach within the community and attract more visitors. Enhanced Marketing Strategies: Implement targeted marketing campaigns and events to capitalize on the town's seasonal influx of tourists and drive awareness.

Support & Training

Will train for 2 weeks @ $0 cost.

Reason for Selling

The current owner is ready to retire, presenting an ideal moment for an ambitiou

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