Own established Gift Shop in Historic Frederick Maryland

Profitable main street Business with Growth Potential!

Business Description
Well established gift shop in destination tourist area with multiple revenue streams

Successful specialty retailer in historic downtown Frederick, Maryland looking to sell. Desirable location opened in 2004 just as downtown Frederick began to grow in popularity; still located in the original location in the center of the City. Frederick is a shopping destination for visitors from Washington, D.C., Northern Virginia and Baltimore with tourism records set annually.

The store has developed an ever-evolving selection of highly curated, purposeful and giftable items. These selections are made from buying trips to Atlanta’s America’s Mart, and by working with sales reps for key product lines, through online research and exploration of manufacturer’s websites.

Because of the wide variety of reasons to shop this store, it has developed a strong sales resilience throughout the year, bringing customers to shop with purpose all year, not just during the 3rd and 4th quarters of the year.

Multiple revenue streams include not just the brick-and-mortar retail store, but also an online store, custom specialty products and workshops, and a strong social media presence. Sales are also driven with an e-newsletters/blog that is sent to a database of nearly 3000 subscribers and is fully integrated with the online store. There's still value to be added and the store can support addition inventory.

Annual sales are approaching $500,000; return to the owner has averaged 14% over the past five years. While sales declined during the pandemic, they have returned and now exceed pre-pandemic levels. Business operations were sharpened to allow for online sales; the market visibility and reach provided by the online presence can only grow from where it is today.

Current owner is willing to facilitate introduction to customers, vendors, and the marketplace in general.