Listing Number: 52941-207191
Description
This online gift shop is the perfect business for someone who enjoys light assembly work to customize gifts perfect for men (such as lighters, bottle openers, etc). The business was founded in 2008 with the desire to provide high quality, customized gifts designed for men at an affordable price.
After growing the business over a 10-year time frame to a level of sales of $140k/yr, the owners have slowed the business activity down as they moved into the retirement phase of their lives. Currently, the business has a steady revenue of $60k in sales (both from retailing and wholesaling) with an SDE of $21k. However, this business could be quickly ramped back up to the $140k/year in sales range again by reinstating some of the sales avenues previously employed. Also, there are other sales avenues that the owners have turned down or have not engaged in that a new owner could engage in to further grow the business.
With a high potential that this business has to grow, a purchase price of $55k (plus the value of inventory at closing) would bring a fantastic business to a buyer looking to get into this space.
Listing Details
- Price: $55,000
- Down Payment: $55,000
- Sellers Discretionary Earnings: $20,550
- Total Sales: $60,422
- Location: Dallas County, Texas
- Inventory: $30,000
- FF&E: $1,000
- Employees:
- Year Established: 2008
- Reason for Selling: Owner Retiring
- Category: Cards/Gifts/Books
