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Hotel Gift Shop For Sale - San Diego, California

Ad/Listing Information
 
Status: Off The Market
Location: Mission Valley
County: San Diego
City: San Diego
 
 
 
 
 
 
  
 
 
 
Financial Information Detailed Information
 
Price:      $35,000
Down:      Call
Revenue:      Call
Adj. Net:      Call
Relocatable:      No
Home Based:      No
Real Estate Included:      No
Bkr To Bkr Coop:      No
Franchise:      No
For Sale By Owner:      Yes
Asset Sale:      No
Lifestyle:      No

Description Of This Mission Valley Hotel Gift Shop Business For Sale:

PRICE REDUCED!!

This Mission Valley resort is a preferred destination for travelers due to its freeway access and proximity to San Diego attractions such as Sea World, Old Town, the San Diego Zoo, Qualcomm Stadium and beaches. This is a full-service resort and includes a full restaurant and bar, room service, a pool, conference and meeting space and a wedding garden. The entire property recently underwent a complete renovation.

Business Summary
This is the only retail store in the hotel. The shop carries souvenirs, clothing, swimwear, jewelry, gift items, snacks, sundries, sunglasses, stuffed animals and phone cards. Other hotel tenants include a rental car agency, ticket broker and temporary staffing service. The seller has owned the shop since 2004.

Hours and Staffing
The shop is open from 8 a.m. to 8 p.m. 7 days a week, 365 days a year. There are 2 shifts per day, 8 a.m. to 2 p.m. and 2 p.m. to 8 p.m. There are 3 part-time employees who cover all the shifts and are paid 10 per hour. The owner handles all of the purchasing and administration and works approx. 6 hours per week.

Area
The shop is approx. 1200 square feet and includes ample storage space. The rent of 3106 per month is complete and includes parking, electricity, cable television, maintenance and security. There are no CAMS and no percentage rent. The hotel ownership will negotiate a new lease with buyer.

Financial Summary
Over the past 6 years, revenues have averaged 173,825. 2009 revenue was 116,979 and was impacted by the recession and the fact that the hotel closed in November 2009 for renovations. The business realizes a 60% gross margin on sales.

The asking price of 35,000 includes inventory of approx. 21,000, fixtures and supplies. Owner will provide training.

This is a fully stocked, turn-key operation. With no start-up expenses, this business affords an excellent opportunity to participate in the rebounding economy.



Gift Shop Business For Sale Photos
San Diego Gift Shop For Sale
  
San Diego Gift Shop For Sale

Sell Gift Shop Mission Valley

Gift Shop Opportunity San Diego

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