This is a wonderful spin on the traditional "mailbox" - a one-of-a-kind packing and shipping address location with the upside of offering gifts, cards and other needed and wanted services that boost revenues. This independent family owned business is located in a booming area in King County, this gem of a business is ready for the next buyer with lots of ideas for expansion!
- Asking Price:
- $299,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $749,051
- Cash Flow:
- $94,030
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business is in a strip center located between the two top anchors that generate lots of foot traffic and daily visitors to the center. It is 1400 sq ft of space, with a monthly rent of $6,900; the lease expires November 2024.
Business Operation
- Expansion Potential:
-
There is much room for growth in the business. One option is to increase the hours of operation since pre-COVID hours have not been restored. Offering Virtual Mailboxes, adding social media, promoting to the database, more efficient staffing and pricing models would help manage costs and stimulate revenues and growth.
- Competition / Market:
-
There are a number of franchised and non franchised competitors around but this store has set itself apart due to the mix of services and products it offers, as well as, friendly and efficient customer service. The mailbox and shipping services and gifts complement each other and the level of customer service has not only kept the clientele but brought in many new customers from further away.
IBISWorld tells us that a growing economy is expected to benefit the industry early during the outlook period over the next five years to 2027, as increasing corporate profit and consumer spending, coupled with a reduction in social distancing measures, drive a short-term recovery in industry revenue. As a result, industry revenue is forecast to increase, rising at an annualized rate of 0.8% to $13.9 billion through 2027.
- Reasons for selling:
-
Owners are moving out of state.
- Trading hours:
-
Mon-Fri 10am-5pm; Sat 10am-2pm
- Employees:
- 6 PT
- Years established:
- 33
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
A Washington State Business License and Reseller permit will be necessary.
- Furniture / Fixtures value:
- $30,000 - included in the asking price
- Inventory / Stock value:
- $40,000 - included in the asking price
- Relocatable:
- This business can be relocated.
