PENDING -Bookstore for Sale in Coastal North Carolina
Emerald Isle, NC
| Asking Price: | $350,000 |
| Gross Revenue: | $785,000 |
| Rent: | $5,400/Month |
| Cash Flow: | $155,000 |
| Inventory: | $100,000 |
| Established Year: | 1989 |
Listing ID: 2280411Listing provided by BizBuySell
BUSINESS DESCRIPTION
Opportunity to live your dream by owning a sustainable, well-loved independent bookstore in Emerald Isle, North Carolina. Emerald Isle Books, Inc. is a turn-key operation that is located in a shopping center on an island in coastal NC. We currently sell new books, greeting cards, gift items, toys, games and puzzles. We strive to meet the needs of the community as well as the many tourists who visit our beautiful beaches. Emerald Isle Books is celebrating 35 years in business with the original owners. Our success is due in large part to a fun, casual and sociable retail atmosphere.
DETAILED INFORMATION
Location
Emerald Isle, NC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,660
Lease Expiration
31/12/2025
Employees
6
Facilities
Seller will sell all assets used in the business to include equipment, furniture, fixtures, supplies, files, records, website, trade name, logo, social media accounts, reputation and goodwill and all other general intangibles used in the business. The inventory is also for sale (separately, not included in the asking price). The cost of inventory will be determined at time of sale. Facilities include parking in front of the store. Current lease term is good through 12/31/2025. Long term lease will need to be negotiated with the landlord.
Competition
There is another indie bookstore on the island about 15 miles east, but we are not impacted by this. PAZ report just completed evaluated Emerald Isle Books, Inc. above the asking price. They are the number one evaluation professionals in the bookstore business. Those details may be provided to a serious inquiry. Any serious inquiries will be referred to our broker to begin the contract process.
Growth & Expansion
Ideas for future growth can include these strategies: reaching out to new residents and expanding our Frequent Buyer loyalty program. Advertising could also be expanded.
Support & Training
Owners will offer up to 2 months of training and transition support. Part-time employees would like to remain working if possible.
Reason for Selling
Retirement
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