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Businesses For Sale   >>   Massachusetts Businesses For Sale

Gift & Accessories Boutique - Very Profitable

Location  Massachusetts,United States
Asking Price Range  $250K - $500K
Gross Revenues  $670000
Net Profit / Cash Flow  $244000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1999
Number of Employees  4 - 5
Inventory  75000
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller will provide transitional training and orientation and ongoing support
Reason for Sale  Retirement

Description  
This popular and attractive boutique is located in a premier spot in a bustling downtown location which brims over with visitors during the Cape Cod season and is a favored haunt for locals during the rest of the year. This delightful shop overflows with gifts and accessories of all kinds. The business is operated by the owner and four part-time employees who each work a fairly flexible schedule of about 20 to 25 hours per week. All of the staff is adept at most tasks and have developed a smooth flow work environment where everyone pitches in. Two of the employees are experienced with opening/closing, cover for the owner when on vacation or at gift shows and are capable of managing day to day operations. The store is nicely designed and is fully equipped with attractive and functional furnishings and fixtures which cost tens of thousands of dollars. There are two eye-catching circular display windows fronting on Main Street. In addition there is ample basement space suitable for storage and warehousing. Sales per square foot are more than five times the norm for this type of business. Sales have increased every year for the past five years. This business is VERY profitable with earnings well into the six figures! The current wholesale value of the inventory is estimated to be about $90,000, which is in addition to the asking price. This fluctuates depending on the time of year. The current lease can be extended or the landlord will write a new lease on similar terms with options to extend. The rent is $1,870 per month. Included in the sale is all equipment, furnishings, fixtures, trade name, leasehold improvements, customer lists, exclusive vendor list, phone number(s), Facebook page, proprietary marketing, promotional and packaging materials, and other items required for operation of this Turn-Key business along with the store's excellent reputation and good will.


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