Rare Magic Shop Established for Over 50 Years

Volusia County, FL
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Asking Price:$1,144,000
Gross Revenue:$634,850
FF&E:$35,000
Established Year:1966
Cash Flow:$108,000
Inventory:$345,000
Real Estate:$799,000
BUSINESS DESCRIPTION

Experience the rare and exciting opportunity to own a dream business: a Magic Shop! Located in a vibrant, newly redeveloped downtown area within a bustling beach community that attracts over ten million visitors annually and is home to more than five hundred thousand permanent residents, this niche business is perfectly positioned for success. It operates out of a retail location and is set up for e-commerce.
The Magic Shop offers a wide variety of magical products, including card magic, comedy magic, juggling, clown supplies, coins, jokes, fire magic, escapes, flower magic, Christmas magic, books, close-up magic, ring magic, music for clowns and magicians, and much more. In addition to its extensive inventory, the shop has a workshop that is capable of producing custom magic items. Established for over 60 years, the business enjoys a loyal and satisfied customer base that keeps coming back. The current owner takes pride in the fun, easy-going work environment and the happiness of their customers.
Recent policy and procedure improvements have made the business more efficient, reducing the need for additional labor. While the online presence has grown, there is still significant potential for a new owner to expand the retail and e-commerce side, particularly through SEO, growing the drop-ship model, and expansion into online retailers such as Amazon.
This incredible business is truly a hidden gem waiting to be discovered!


DETAILED INFORMATION
Location
Volusia County, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,075
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 4,075 sq ft building is located in a historic riverfront. This two story building is located in a high traffic, downtown location aside 60 shops, restaurants, attractions and services that await in a splendid waterfront setting! This two story building can be structured to have a residential feature upstairs with retail downstairs or it can be redeveloped. A signature Downtown Farmers Market draws visitors from near and far making it a place to escape the ordinary. Historic Charm, high foot traffic and plenty free parking - this property has it all!
Competition
This is a rare find! There is no local competition. Magic shops are hard to come by in a retail space and yet this business has proven to be a successful venture year after year!
Growth & Expansion
Unlimited potential for growth. Current owner has established policies and procedures to sell online! It has seen great success. The amount of growth that could happen is limitless!
Support & Training
The seller is dedicated to the successful transition to the new owner. He will make all necessary introductions to clients and vendors. At no charge, the current owner will work side by side with the new owner for the first 30 days and will remain available to answer any questions that may arise over the next year.
Reason for Selling
Retirement and Health Issues
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Tim
Kleman
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Tim Kleman