Description About This Posting: Specialty Gift And Confection Shop
Located in the busy downtown of a very affluent Silicon Valley community, this decades-old business is a delightful specialty gift shop, specializing in gourmet hand-crafted chocolates, plus a whole lot more. Besides the artisanal chocolates, the shop offers other confections, unusual and specialty foods, unique gifts, dazzling jewelry, distinctive greeting cards & books, kitchen and home wares, wines a perfect gift for just about any recipient and any occasion!
For the last two years, the owners have done absolutely no marketing, yet growing sales and strong profits continue nonetheless. The shop is an excellent platform for growth by a new owner. For example, an online store was successful, but was suspended for want of advertising and fulfillment resources. However, the merchant web site is fully functional and can be turned back on with 'the flip of a switch' by the new owner.
Growing the gift basket and corporate gift business is an easy market expansion; so is partnering with meeting, event, and wedding planners for unique and memorable table favors and gifts. And, in the store itself, brewed coffee, espresso, chai, and tea, along with specialty gelato, and some cafe 1/2 tables would bolster sales and encourage customers to linger longer and buy even more.
Annual sales (2018) were just about $460,000, with an SDE (seller's discretionary earnings) that the owners calculate at approximately $95,000. Sales were a result of over 16,000 transactions of over 54,000 line items. About 42% of sales are gifts, 34% proprietary-brand handmade chocolates, 14% gourmet foods, 10% other candy.
The shop is in rented 'Main Street' retail space. Additional details, including square footage, rent terms, historic sales and financial figures, profit and loss statements, etc. will be available in the prospectus upon submitting an NDA.
The price is $199,900; plus inventory at cost (to be determined, ranges from $10k to $60k, depending on season); plus FF&E (furniture, fixtures, and equipment) at replacement cost (to be determined). The price is approximately 2X SDE and 45% of gross annual sales. The sellers are interested in all reasonable offers, especially from those who can close expeditiously, 'without hassle.'
It is anticipated that this will be a sale of all the tangible and intangible assets of the business, including the very valuable business name, but not accounts receivable, accounts payable, or cash on hand. This will also include website(s), phone numbers, customer list, supplier contacts, employment relationships, etc. the 'goodwill' of the business.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
To get more information about this Specialty Gift And Confection Shop business for sale in
Silicon Valley please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #250085 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Specialty Gift And Confection Shop, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
Professionals who understand the importance of world class business brokerage service and the value it can create. Specializing in assisting sellers and buyers with retail stores, restaurants, hospitality & lodging, manufacturing operations, distribution companies, e-commerce and service businesses.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
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