Stationery & Gift Store Established (Over 20 Yrs) Great Owner Profit !!!

Price: $189,900

Location: Columbus - Ohio, Franklin County

Industry: Retail Gift and Stationary

Listing Category: Gift Shops

Listing ID: 80104

An award winning “gorgeous” niche retailer offering the largest selection of specialty stationery in Columbus.   Established (over 20 years) this independently owned shop and online store offers luxurious stationery, artisan printing, exquisite wedding invitations, greeting cards, and vintage inspired gifts.

The shop specializes in the sale of custom designed invitations for weddings, baby showers, graduations and an array of social and corporate special events.  In addition, if you’re looking for that special hard to find gift, they offer hand crafted jewelry, apothecary candles, small batch perfumes, sumptuous leather journals and fine writing instruments that are all selected and sourced for their exceptional quality and lasting beauty.

The shop consistently receives 4 and 5 star reviews on Yelp, The Knot and Wedding Wire to just name a few.  Strong customer referral base with an email data base of over 5,000 active customers.  The shops website and e-commerce site have been updated in February 2019.

The shop is staffed with 1 FT and 2 PT Sales Associates and 1 PT (Long Tenured) Graphic Designer.  The owner also works in the business.

Strong sales and owner profit with the last two years (2018 & 2017):

Average Two-Year Sales (2018 & 2019) >> $444,627

Average Two-Year Owner Profit (2018 & 2019) >>$93,786

Outstanding opportunity to carry on the legacy which has been built over 20 years.

A Business That You Would Be Proud To Own !!!!

Listing Details

Total Sales: $429,595

Cash Flow: $88,718

FFE: $71,307 (Included in Price)

Inventory: $19,000

Terms and Conditions?:

No seller financing offered.

Reason For Sale:

Seller retirement after over 20 years of Successful Business.

Training & Support:

Seller will provide transitional support and consultation to insure a very smooth transition to a new owner.

Operation

Year Established: 1999

Year of Last Acquisition: 1999

Days & Hours of Operation: Tuesday-Saturday 10 am-6 pm, Closed Mondays, Sundays Open on a Seasonal Basis

Employees: 1 FT 3 PT

Location

Security on Lease: 2,161

Lease Option: Lease expires 5/30/2023 an Lease Extension CAN be obtained from the landlord.

Monthly Rent: 3958

Type of Location: Stand Alone Building

Square Footage: 1,570

Facilities Information:

The shop has tasteful eclectic décor and is beautifully merchandised. The space is 1,570 sq. ft. with a Gross Rent of $3,958 per month. The lease expires 5/30/2023 a lease extension can be obtained from the landlord. Shop is in a very busy area with both car and foot traffic.

Summary

Historical Summary:

Shop was established in 1999 and has had the same owner since it has opened.

Competition:

No competition in the immediate trade area.

Potential Growth:

Upside potential to increase sales through increased marketing and promotion of e-commerce site.

Afilliations