Trendy, Established Fair Trade Gift Shop in prime location
Haddon Heights, NJ
| Asking Price: | $80,000 |
| Gross Revenue: | $133,306 |
| Rent: | $1,150/Month |
| Established Year: | 2013 |
| Cash Flow: | $82,586 |
| Inventory: | $50,000 |
| FF&E: | $10,000 |
Listing ID: 2283920Listing provided by BizBuySell
BUSINESS DESCRIPTION
Turnkey business with over 11 years proven growth and viabililty
Fair Trade products have proven their value in this space, where a solid community of loyal customers has been established. Sales have grown each year, including through the pandemic, providing a solid income for the owner and minimal time commitment each week. Valuable relationships with quality, verified fair trade vendors that have taken years, travel, and money to establish come with the sale of this business. Sales are strongest during the holiday season, but steady throughout the year, making this a stress free commitment with a reliable return.
Listing includes a valuation from Dec 2021, when the original owner was seeking to sell the business. Asking $70k OBO
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Haddon Heights, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
600
Lease Expiration
31/10/2025
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The lease term ends in Oct 2025 with language to renew. Flooring and new ceiling lights (high hats and decorative fixtures) were installed in 2023. Exterior electrical was installed in 2023, allowing for decorative outdoor lighting. New wall racks for products were installed in 2023. Alarm system is active and installed. POS system and equipment are updated and synced with the website. Solid social media following, customer contacts, updated website set up for online sales included. Furnishing includes clothing racks, shelving for products, etc.
Competition
This is the only exclusively fair trade focused shop in New Jersey. The only other semi-local fair trade "competitors" are Ten Thousand Villages (a franchise) that has retail space in Philadelphia and Media, Pennsylvania. Most products are unique because they are sourced via personal relationships that have been established by the shop owner through years of travel, trial/error, research. Products are not on Amazon, none of it is "made in China". Customers know they are getting unique items and supporting women/family artisans through fair trade.
Growth & Expansion
Currently the business does minimal sales online. This is an area of expansion. The business is closed on Sundays in Jan/Feb/March as well as Mondays throughout the year. The shop could be opened during these days (and increase daily open hours) to increase sales. There is a potential to sell products at a wide variety of relevant markets and festivals throughout the year that the owner could also take advantage of.
Support & Training
This is an owner-run business as of now, though it could be run by a shop manager (approx 36 hrs/week). One month of transitional training and a transition "event" to introduce new owner to customer base and establish good will from the community is included. Transitional training will include one week of in-person support and one month of phone access.
Reason for Selling
I am also a professional artist and I am finding myself drawn toward that part o
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