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Well-Known DC Gift Shop: $105k SDE

2508
Washington D.C., District of Columbia, United States
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Asking Price$199,000
Revenue$998,337 Established1978
Cash Flow$105,432 Employees6 full-time
FF&E$5,000* FranchiseNo
Inventory$130,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Cash flow + Location! The Seller is retiring.  This is a very established, upscale gift shop, located in heart of the Washington D.C. downtown district.  The business is a landmark, as it has had a history in the area for over 40 years.  This business is very consistent, with very steady seller’s discretionary earnings ($105k) and nearly $1MM in revenues.  The store features a variety of offbeat gifts, toys, greeting cards, and chocolate, etc. It’s a store for happy customers!  Seller will stay to help with the transition.  This store is a well-known gem in this line of business.  Don’t miss this opportunity!
Facilities:The business leases its facility. It’s in a class A facility, at the bottom of a downtown D.C. office building, in the Central Business District. Busy foot traffic + vehicles and is across from a major Metro stop. It has 4 more years left on the lease, plus an additional 5-year option period.
Competition:One of a kind! Very unique items-- including toys, jewelry, cards, chocolate, books, etc.
Growth Potential:The current owner believes revenues could significantly increase in the next several years, if they were to pursue certain strategic avenues. Since the owner wants to retire, this presents an opportunity for the next owner. The current owner has a solid support staff, including a manager.
Training/Support:The owner will provide training as needed to the buyer.
Seller Financing:The owner may consider some financing for a well-qualified buyer.
Sale Reason:Retirement
Ad #119717
Seller Reference #DC Gift
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Contact This Seller
Greg Knox
2028886120
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