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Established And Popular Gift Shop In Washington For Sale

Washington, DC, District of Columbia, US
Asking Price:
$135,000 Furniture / Fixtures included
Sales Revenue:
$998,337
Cash Flow:
$112,700

Unique opportunity to own an established and successful gift shop in the heart of Washington, DC. The business has been established for over 40 years with thousands of loyal customers. This is THE go-to spot for downtown workers and visitors with an incredible customer base throughout the region and beyond. The store features a variety of offbeat gifts, toys, jewelry, greeting cards, chocolate, and more!

The business was closed for a long period (March 2020 through July 2021) due to the pandemic, but has re-opened as things start to improve in the DC area. Now is the time to buy a business like this to capitalize on the upcoming holiday season and purchase a great business for a fraction of its true value. We have a virtual tour of the space and business financials available upon completion of our Buyers Package. Any interested parties are encouraged to visit the business in person, confidentially as a customer as well.

***Please note, the revenue and cash flow numbers listed are from 2019, which was the most recent year the business was open for a full calendar year.***

Don't let such an incredible opportunity to purchase a well known business like this pass you by. Contact us today to learn more!

Property Information

Real Estate:

Lease

Location:

The business is situated on the first floor of a Class A office building in downtown DC. The shop has great visibility with high levels of pedestrian and vehicle traffic. The landlords love the business and have worked with the seller throughout the pandemic to ensure the business reopened, which it did in Aug 2021. The landlords are willing to offer favorable lease terms and incentives to the buyer/new owner to make sure this business can continue to thrive!

Business Operation

Expansion Potential:

There are several ways a new owner could grow the business. The owner has not spent much time or effort on marketing or advertising the business so there are opportunities to do so through traditional mediums as well as on social media to capture more customers. Another opportunity would be to expand the hours as the business is currently only open Monday - Friday with some expanded hours around the holidays.

Competition / Market:

There is standard competition for the industry and market.

Reasons for selling:

Owner is retiring.

Employees:
5
Years established:
43

Other Information

Support & training:

Seller will provide necessary training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Available depending on the final purchase price, terms, and qualifications of the buyer.

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$150,000

Contact Horizon Business Brokers, LLC

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