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Successful Gift Shop - in Beach Town -Turnkey Opportunity

Bethany Beach, DE
Asking Price:$95,000
Inventory:$16,000
Established Year:2020
Gross Revenue:$150,000
Rent:$1,515/Month
Listing ID: 2142685Listing provided by BizBuySell
BUSINESS DESCRIPTION

Price is Negotiable and all Offers Considered

A rare opportunity for a turn-key business that is for sale. This well-established and successful home décor boutique and gift shop is located in a busy shopping area. This business has built a strong reputation and a loyal customer base over just a few years. These loyal customers are from the local area and also include vacationers who shop frequently and return for their annual vacation year after year. The business has attained a reputation for being a “first go to” for gift needs.

The business currently has a philanthropic mantra where a portion of monthly profits are gifted to a local nonprofit/charity along with generous contributions to groups requesting raffle prizes and donations throughout the year. It will of course be up to the new owners if they would like to continue this. The tagline could be removed and/or retained and the focus could be on the wholesale brands who have a charity/gifting mantra.

DETAILED INFORMATION
Location
Bethany Beach, DE
Inventory
Included in asking price
Real Estate
Leased
Building SF
550
Lease Expiration
31/10/2025
Employees
3
Facilities
Prime Location: Situated in a high-traffic area, this boutique enjoys excellent visibility and foot traffic. A Variety of Products: The boutique offers home décor and gifts that include brands from women owned businesses. Many of the product lines have a gifting spirit so when the shop purchases items that company is giving a portion of their revenue to charity. Store Layout: The boutique has inviting design, providing a pleasant and inspiring shopping environment and leaving plenty of room for shoppers and their double wide strollers.
Competition
While there are several shops in the area - each is unique. The business has cultivated a loyal customer base through exceptional service, personalized attention, and a commitment to quality. Utilizing the Square POS there are opportunities for targeted marketing campaigns and fostering repeat business. Procedures, Employee Training and Key Dates Timeline: The business has a detailed Business Procedures and Employee training manual. A business timeline with key dates to ensure the operations a smooth transition to new owners will also be included.
Growth & Expansion
Opportunities for Growth: E-commerce – The buyer could launch an e-commerce site on the website and also on Facebook. Customers have asked if there was on-line shopping, and the current owners didn’t want to offer that as it’s been a seasonal business. Seasonal to Year-Round Business: The buyer could consider keeping the shop open year-round with so many residents living and moving to the area on a full-time basis. There are so many events held in the area in Jan-April a year-round opportunity could be considered.
Financing
Price is negotiable and all offers will be given consideration
Support & Training
Experienced Staff: A dedicated and knowledgeable team is in place, trained to provide exceptional customer service and assist with day-to-day operations. They are familiar with the boutique's product lines, suppliers, and customer preferences, ensuring a seamless transition for the new owner. Current owners will provide up to 30 days of training
Reason for Selling
Retirement
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Elise Lindsey
Phone Number
Elise Lindsey
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