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Retailer Of Gifts, Awards, Plaques, And Trophies for sale in Westchester County, New York
Retailer Of Gifts, Awards, Plaques, And Trophies
Westchester County |
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Here's a great opportunity to acquire a business that has been operating successfully in an upscale Westchester location for over 50 years. The business has evolved and changed its emphasis from retailing gifts to include the sale of gifts, awards and promotional products to clubs, companies, and organizations. This includes engraving services done on premises. The move to include these items was in response to recognizing opportunities presented by being located in an affluent community with numerous country clubs, golf clubs and organizations in constant need of trophies, awards and promotional items. In addition to trophies and awards, the business offers an extensive selection of high quality gift items including leather goods (handbags, wallets, etc.) as well as a creative selection of novelty items for the home, from fun items to the traditional. All products are tastefully displayed and the business experienced sales staff is service oriented, taking the time to understand customer needs and make helpful suggestions. The trophy and award business has attracted an impressive list of blue chip clients including numerous country clubs and non-profit organizations. The Company's sales revenues and net profit have been relatively constant in the past three years. The Seller wishes to retire and relocate and, therefore, he has not aggressively marketed the business. He is confident that a new owner could immediately and significantly increase both sales and profits by capitalizing on the Company's outstanding reputation and lack of significant competition in the marketplace. This would be a great family business and is priced for immediate sale with fixtures and equipment included in the purchase price.
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Listing Number: 105
[Broker Not Avail] - Listing Broker
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Telephone -
E-mail -
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| Category |
RETAILING BUSINESSES |
| Sub-Category |
Miscellaneous Retail |
| Asking Price |
$350,000 |
| Gross Sales |
$733,394 |
| Cash Flow |
$134,103 |
| FFE |
$60,000 |
| Inventory |
$150,000 (Inventory NOT Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
3 - Full-Time
1 - Part-Time |
| Facilities |
The business is located in approximately 2,800 square feet on main street. There is ample free parking both on the street and in a parking lot. The lease expires in 2006 with a five-year option to renew.
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| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
There is little significant competition in the marketplace.
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| Growth Notes |
The business is marketed via display ads in the Yellow Pages, a monthly Westchester publication and an outstanding website. A buyer for this business could successfully expand this sales effort by utilizing additional marketing techniques that can be outlined by the Seller.
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| Support Training |
The experienced staff would like to remain with the Company to participate in its continued growth and future success. The current owner is planning to retire and relocate but has agreed to stay on long enough to assist in a smooth transition of ownership.
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| Year Established |
1952 |
| Financing Terms |
Negotiable |
| Reason for Selling |
Seller retiring |
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