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Cards And Gifts For Sale

Idaho, US
Asking Price:
$273,800 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$742,746
Cash Flow:
$126,402

This retail gift and card store, located in the heart of a resort town in Idaho, has been a cornerstone of the community since its establishment in 1984. With a commitment to delivering quality products that celebrate life's moments, the store has become synonymous with warmth, sincerity, and the joy of gift-giving. The business prides itself on creating a welcoming environment that reflects the unique charm of the resort town.

Over the years, we have fostered deep connections with our customers, becoming an integral part of their celebrations and special moments. Our attentive and knowledgeable staff contributes to the positive shopping experience, offering assistance in finding the perfect card or gift. Our commitment to customer satisfaction has resulted in a strong and loyal customer base, with many considering our store a cherished tradition in their lives.

As a business situated in a resort town, we benefit from distinct seasonal peaks that coincide with increased tourist activity. Our inventory is thoughtfully curated to align with these seasonal trends, ensuring that visitors find unique and appealing products year-round. From holiday-themed merchandise to exclusive offerings during special events, our store transforms with the seasons, creating a dynamic shopping experience.

Property Information

Real Estate:

Lease

Premises Details:

This business is located in a prime location. Strategically positioned in the heart of the resort town, the store enjoys high foot traffic from both residents and visitors, ensuring maximum visibility and accessibility. The 5,000 square feet store provides plenty of room for customers to shop for and find the perfect treasures. The space has been meticulously cared for.

Business Operation

Expansion Potential:

Opportunities for Growth:

E-commerce Integration: Explore the potential of expanding the business through an online presence, allowing for broader reach and additional revenue streams.

Local Partnerships: Forge partnerships with local businesses, hotels, and event organizers to expand the store's reach within the community and attract more visitors.

Enhanced Marketing Strategies: Implement targeted marketing campaigns and events to capitalize on the town's seasonal influx of tourists and drive awareness.

Competition / Market:

Retailing a range of gifts, souvenirs, greeting cards and other items, gift shops and card stores have benefited from rising incomes in recent years as consumers spent freely on vacations and celebrations. But, when COVID-19 shut down tourism and celebrations, gift shops and card stores were left empty, creating long-lasting financial and operational challenges. A travel slump through early-2021 left tourism-based shops struggling, as sales stayed a fraction of what they were in 2019. Yet, long periods at home left consumers with savings and pent-up demand to spend on vacations as travel restrictions lifted. While enormous demand for travel led more consumers to gift shops in late-2021 through 2022, supply chain disruptions and labor shortages made it difficult for retailers to recover from the pandemic's toll. Recession risks and inflation pressures in 2023 introduce a new threat, as financial concerns will cause some consumers to rethink vacation spending. The recent travel boom has led industry-wide revenue to rise at a CAGR of 0.4% over the past five years – totaling an estimated $25.1 billion in 2023 – when revenue will increase an expected 1.2%.

Reasons for selling:

The current owner is ready to retire, presenting an ideal moment for an ambitious buyer.

Trading hours:

Mon-Sat 10am-6pm; Sun 10am-4pm

Employees:
1 FT/9 PT
Years established:
40

Other Information

Support & training:

Will train for 2 weeks @ $0 cost.

Furniture / Fixtures value:
$77,287 - included in the asking price
Inventory / Stock value:
$165,000 - included in the asking price