Gift Store. Established 25 years.

San Diego, CA (San Diego County)

Gift Store. Established 25 years.
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Asking Price: $225,000

Cash Flow: $120,000

Gross Revenue: $328,360

EBITDA: N/A

FF&E: $0

Inventory: $50,000*

Rent: $1,500 per Month

Established: 1996

*not included in asking price.

Gift Store. Established 25 years.

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Business Description

Well established unique gift store in central San Diego.
Well known for their French concept and quality merchandise.
Excellent established long relationships with existing suppliers.
Loyal and repeat customers as reflected in the 2020 covid year sales.
Marketing concentrates on Email Blasts,, Blogs, Facebook and Instagram.
Could expand online sales to meet demand.
No direct competition in San Diego County and ready to expand to another location.
Same owners for 25 years.
Consistent sales and profitability for 2018 through 2020, and trend unaffected by coronavirus.

Financial information from filed tax returns.
SALES OWNER CASH FLOW
2018 $349,911 $110,801
2019 $339,817 $107,826
2020 $328,260 $125,490

Business hours during covid were 1 pm to 5 pm Monday to Saturday and closed Sunday.
Prior to covid hours were 11 am to 5 pm Monday to Saturday.
2 owners...both work part time.
Experienced Part time employees available. They have been working for the owners part time as needed for the past 10 years and can operate and manage all aspects of the shop, including buying and customer relationships.
Sellers will train and help the buyer to ensure the success of the transition.

Detailed Information

Location:
San Diego, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
2 part time
Competition:
Unique gift shop with little direct local competition.
Growth & Expansion:
Can expand online shopping aspect of the business
Support & Training:
Yes...as needed
Reason for Selling:
Retirement and relocation.
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Jeffrey Weiner

Business Listed By:
Jeffrey Weiner

Page Olson

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