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.