Highly-Profitable, Santa Rosa Gift Shop

Santa Rosa, CA (Sonoma County)

Seller Financing Available
Highly-Profitable, Santa Rosa Gift Shop
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Asking Price: $250,000

Cash Flow: $200,000

Gross Revenue: $1,800,000

EBITDA: N/A

FF&E: $0

Inventory: $400,000*

Established: 1981

*not included in asking price.

Highly-Profitable, Santa Rosa Gift Shop

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Business Description

Price Reduction!

OPPORTUNITY: Established in 1981, The Classic Duck has experienced years of profitability in two separate locations. Originally located in Coddingtown Mall, this business currently resides in one of the most illustrious Sonoma County retail locations – the Montgomery Village Shopping Center. This beautifully curated gift store focuses on women accessories such as jewelry, scarves, and hats as well as home and garden décor, personal care products and gift items. Visiting this store during fall and winter
season has become a welcomed tradition for many households due to their amazing display of Holiday gifts and accessories.

Evidenced of its popularity, this turnkey and highly profitable gift store has averaged $1.8M in annual gross sales the past three years with 2020 showing an impressive $1.1M in Gross Sales and $147K in SDE during an unprecedented year of obstacles.

Growth may occur with the development of online sales. Owner works approximately 30 hours a week in peak Holiday season and 20 hours a week for the rest of the year. Inventory is valued at approximately $400k and not included in the purchase price.

ADDITIONAL DETAILS:

• Percentage rent is 7%. Buyer will be required to negotiate a new lease with base rent.
• Plentiful free parking available in the shopping center parking lot.
• Neighboring businesses include See’s Candies, Copperfield’s Books, and Monti’s Restaurant.
• Seller Financing is available to qualified buyers.
• Inventory is not included in listed price.

Detailed Information

Location:
Santa Rosa, CA
Inventory:
Not included in asking price
Growth & Expansion:
Development and expansion of online sales can contribute to higher annual sales and profitability.
Reason for Selling:
Owner is retiring.
Business Website:
http://www.theclassicduck.com/
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Joseph Tucker

Business Listed By:
Joseph Tucker

Santa Rosa Business & Commercial


Sponsoring Broker:
Mike Nova

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